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  #1  
1st April 2016, 11:01 AM
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PNC Bank Economist

Hello sir my name is Nikhil and I’m looking for the information about Steel Industry Economic Report of PNC Bank for that will you please get the details?
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  #2  
1st April 2016, 11:03 AM
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Join Date: May 2012
Re: PNC Bank Economist

Ya sure buddy I will get the details about Steel Industry Economic Report of PNC Bank so that you can go through it easily.

The U.S. steel industry enters 2016 under pressure as weak overseas demand, global oversupply and a strong dollar depress prices. Hot rolled coil prices sunk 16 percent in the fourth quarter of 2015. The North American steel production has fallen at double-digit pace since August to adjust to the excess supply

GLOBAL OVERCAPACITY TO WEIGH ON STEEL PRODUCERS IN 2016

Hot rolled coil prices fell by forty percent from a year ago in the fourth quarter of 2015.

Weak overseas demand, global oversupply and a strong dollar are weighing on prices and production.

Anti-dumping and anti-subsidy duties may alleviate pressure from cheap imports.

Modest price increases in store for 2016, but downside risks predominate.

For full information buddy please go through the file

Steel Industry Economic Report of PNC Bank




Here I have some more economic report issued by the Bank
First Quarter Steel Industry Update: Global Overcapacity To Weigh On Steel Producers In 2016 – 02/23/16

FOMC Buys Time: More Uncertainty About Outlook, Less Confidence on Higher Inflation – 01/27/16

Beige Book Positive About Economic Conditions, Outlook; Jolts Shows Steady Gains In Labor Market – 01/13/16

Strong December Jobs Report Caps Off Another Solid Year; Odds Still Favor March Rate Hike – 01/11/16

Chinese Financial Turmoil Deja Vu; Fed Likely Sees U.S. Economy's Strengths Outweighing "Concerns" About a Weaker Yuan - 01/07/16

Solid Gains in Consumer Spending, Incomes in November; Durable Goods Orders Flat – 12/23/15

Third Quarter Growth Revised Slightly Lower; Another Solid Year for U.S. Economy in 2016 – 12/22/15

FOMC Raises Fed Funds Rate To 25-50 Basis Points As Economy’s Vital Signs Improve – 12/16/15

International Economic Report: ECB Stimulus Falls Short of Market Expectations, Another Reason to Expect a Federal Reserve Rate Hike in December – 12/03/15

Weak October Retail Sales, PPI Falls, but Consumer Sentiment Better; on Track for December Rate Hike – 11/13/15

Address:-
PNC Bank
249 Fifth Avenue, One PNC Plaza, Pittsburgh, PA 15222

Phone:-
412-762-200


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