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A priority is something that changes, due to outside influences and demands. A value is something outside influences can’t change. For a culture of safety to catch on, don’t prioritize it. Value it. The submission deadline for the ReMA Transportation Safety Awards and the Circle of Safety Excellence™ (COSE) Occupational Awards ends on May 15,...

The current week production represents a 33.9 percent decrease from the same period in the previous year. Production for the week ending April 25, 2020 is down 2.1 percent from the previous week ending April 18, 2020 when production was 1,277,000 net tons and the rate of capability utilization was 57.0 percent.” On the U.S....

The Federal Reserve is keeping rates near zero for the short to medium term. While the Fed has acted swiftly, Chairman Powell praised Congress for their quick fiscal actions (e.g., the Paycheck program, CARES, and other programs). Chairman Powell acknowledged the human and economic toll stemming from the coronavirus, along with the expectation of continued...

In New York, NYMEX crude oil futures were down around 8% early this morning while COMEX copper futures traded as low as $2.284/lb. as gold futures rose above $1,715 per troy ounce. The SHFE in China is closed for the holiday while in London most of the base metals were headed lower this morning, with...

That consensus forecast on unemployment might actually be on the low side, but even still this is what it would look like from a historical perspective: Other U.S. reports due out this week will cover factory orders (consensus forecast -9.1%), the trade balance (see our report next week for a recap of Q1 U.S. scrap...