Industry Market Trends

One of the Safest Manufacturing Sectors to Increase EHS Spend

June 27, 2013

What are described as “increasingly harsh conditions for oil and gas extraction” could lead to the industry increasing its spending for environmental, health, and safety (EHS) measures by 60 percent from 2011 to 2030, according to a recent report from Lux Research.

The report states that “As recent high-profile environmental disasters have prompted increased regulatory scrutiny in the oil and gas industry, environmental, health, and safety spending in this industry is expected to increase from $35 billion in 2011 to $56 billion by 2030.” Read More

Industry Market Trends

Global Steel Output Rose in May Despite Declining Capacity Utilization

June 27, 2013

The World Steel Association reported last week that crude steel production hit 136 million tonnes (Mt) in May 2013. This represents a 3.6 percent increase over April 2013, and a 2.6 percent rise over May 2012. While output made gains, total capacity utilization was down slightly. Read More