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Industry Associations Blast Steel Tariffs

President Trump imposed tariffs on imported steel and aluminum in a move that has been criticized by manufacturing businesses, industry groups and many in Congress. The tariffs, designed to favor U.S. industries over their foreign competitors, contain an initial exemption for Canada and Mexico. The move is seen as a negotiating tactic as the administration seeks broader trade concessions from both countries as it renegotiates the North American Free Trade Agreement. Trump is opening the door to exemptions for other countries as well, saying he will consider exemptions for other allies that change their trade policies with the United States.

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Dodge Momentum Index Up Slightly

The Dodge Momentum Index increased 0.5 percent in February to 146.9 (2000=100) from the revised January reading of 146.2. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

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Natural Resource Partners Aggregates Business Rises

Natural Resource Partners L.P. (NRP) reported fourth quarter and full-year 2017 results. The company posted net income of $30.7 million in the fourth quarter of 2017, and net income of $88.7 million for the year.

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AGG1 a Huge Success in Houston

The 2018 AGG1 Academy & Expo, co-located with the World of Asphalt, concluded a successful run, March 6-8, with a very positive atmosphere, as attendees and exhibitors conducted business and discussed issues affecting future growth such as infrastructure funding and industry experts shared best practices during well-attended education sessions.

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AEM's Slater: Steel Tariffs 'Counterproductive'

President Donald Trump said his administration will impose tariffs on steel and aluminum imports. Trump said the United States will impose a 25 percent tariff on steel imports and 10 percent tariff on aluminum, capping a fierce, months-long internal debate that reportedly divided some of the president's top advisers. 

Read more: AEM's Slater: Steel Tariffs 'Counterproductive'