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espsteel

ESP is open in Houston … for now

It’s been raining and there’s flooding all across Houston. And the rain won’t stop! We’ve had 5 employees make it in but if there are further road closures, we’ll be forced to close the office.

China’s cuts in steel output not enough

China announced reduction in steel output of 100 to 150 million tonnes of steel over a 5 year period. However, analysts were hoping for the cuts to be in the 200 to 250 million range. Ms Caroline Bain, senior commodities analyst at Capital Economics, said that “The...

Crude oil export ban lifted in U.S.

The U.S. overturned its longstanding ban on crude-oil exports. It included an extension of tax credits to support renewable energy. Lifting the crude-oil export ban was a top priority for crude-oil producers and the U.S. Chamber of Commerce. There is some possibility...