Antonio Rosset, Leeco Trading’s Commercial Director, and Denton Nordhues, Leeco Steel’s President & CEO, are visiting leading fertilizer manufacturers in China.
Building strong relationships with key suppliers helps Leeco Trading ensure we can offer a variety of raw material sourcing options for our customers.
More details of their trip will be shared in January!
Recent economic news points towards slowing economic and manufacturing activity across key regional economies.
Mexico’s top trade negotiator met with a US trade negotiator to resolve disagreements in the USMCA bill. Mexico’s trade negotiator said there were still outstanding issues, including labor-rights enforcement. Negotiations will continue through December.
Mexico’s economy contracted at a rate of 0.1% for three straight quarters before falling flat in Q3 of 2019. Economists say that Mexico’s economic slump indicates a “technical recession” for the country and is unusual with the US economy still growing.
Peru will speed up $29 billion worth of infrastructure projects aimed at reviving public investment and boosting the economy. The economy ministry stated that the projects will help “reduce the infrastructure gap and boost economic development.”
Manufacturing activity, which accounts for about 13% of South Africa’s GDP, continues to contract. The slowdown in manufacturing activity is contributing to the longest downward economic cycle since 1945. Business activity PMI dropped to 39.4, and new sales orders also declined. This indicates that manufacturing may slow further before the economy recovers.