Steel in the News
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Posted by Tasha Weiss on October 3, 2013 at 3:44 PM.
U.S. factory activity expanded last month at the fastest pace in two and a half years, a sign that manufacturing could strengthen economic growth and hiring in coming months.
The Institute for Supply Management said earlier this week that its manufacturing index rose in September to 56.2, the highest since April 2011. That’s up from 55.7 in August and the fourth straight increase in the index. A reading above 50 indicates growth.
Of the 18 manufacturing industries, 11 are reporting growth in September, including fabricated metal products.
The manufacturing industry celebrates its second annual Manufacturing Day tomorrow. Inspired by the structural steel industry’s national SteelDay (which also takes place tomorrow!) participating manufacturing facilities will be providing a variety of events around the country to highlight the importance of the industry to the nation’s economy and draw attention to careers available in manufacturing fields.
Another industry-related event coming up is FABTECH, North America’s largest trade show and conference for metal forming, fabricating, welding and finishing, which will be held November 18-21 at McCormick Place in Chicago. (AISC will be exhibiting at booth #N331.) More information can be found at www.fabtechexpo.com.