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The Steel Industry's Major Concerns: The China Factor and Environmental Standards

According to RNCOS, an industry research firm, in a new market research report titled "US Steel Industry Outlook,” the US produces and consumes about 3% of the world's iron ore output. In 2007, mines in Michigan and Minnesota - the two largest iron ore producers in the country - shipped 95% of the iron ore produced. The weak dollar remains a major challenge for the US steel industry as steel imports are expected to slip down to around 27 million metric tons this year from 30.4 million metric tons in 2007.

January 5, 2009
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Is a Piece of the Good Life Hurting?

Sales of luxury goods in the U.S. are expected to total $72.5 billion in 2008, according to Bain & Co., a Boston-based retail consulting firm. Worldwide, sales of luxury goods are expected to grow 3 percent this year to $230.7 billion, Bain predicted last October. That is down from growth of 6.5 percent last year and 9 percent in 2006.

January 5, 2009
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Furniture Industry Will Not Rebound Until 2010

In recent years, the American furniture industry has been hurt on a number of levels. The weak dollar has made imports expensive and the industry is facing increased competition from Asia -- from China and Vietnam to relatively new suppliers like India and Bangladesh.

January 5, 2009
Published in Latest

Support for the Turkish Business World from the Manhattan Chamber of Commerce

A new window is opening for Turkish exporters and investors through the Manhattan Chamber of Commerce (MCC). The Turkish American Chamber of Commerce and Industry (TACCI), whose headquarters are in New York, has reached an agreement with the Manhattan Chamber of Commerce to carry out a series of activities, including conferences and meetings, aimed toward bringing together the U.S. and Turkish business worlds, and evaluating and encouraging trade and investment opportunities between the two countries.