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Caterpillar posted strong gains in the third quarter of 2018, but analysts were seeking clearer answers on how the company may absorb a rise in material costs.
With surging crude oil production in the Permian Basin reaching the limits of the pipeline system, pipeline companies are working to build new capacity to avoid bottlenecks that could restrict exports out of the area.
With tariffs of 25% on foreign steel imports and 10% on aluminum signed by President Donald Trump on March 8, U.S. construction estimators and buyers have a bit more clarity what to expect when buying materials for future projects.
Scott Canada, board member for the Solar Energy Industry Association, says a recent ITC ruling could significantly impact the price of imported photovoltaic solar panels.