Raw Steel Production Rose 0.4 Percent US raw steel production rose 0.4 percent last week as mills operated at an ACUR of 69.8 percent. In the corresponding week last year mills operated at an ACUR of 70.5 percent. Thus far this year mills have produced prox 64,000,000 tons, down from the prox 65,000,000 tons produced [...]
The Manufacturing Business Outlook Survey Reports the New Orders Index Improved The Federal Reserve Bank of Philadelphia released its Manufacturing Business Outlook Survey for September 2016 and reports the index for current manufacturing activity in the region increased 11 points to 12.8. For the first time since August of last year the index has registered two [...]
The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index Increased Slightly Suggesting Modest Growth Modest growth in economic activity in July and early August was suggested by the Chicago Fed Survey of Business Conditions (CFSBC) Activity Index, which increased to -18 from -23. The CFSBC Manufacturing Index increased to a neutral value from -31. [...]
US Ferrous Scrap Markets are in a Fall with No Area Spared US ferrous scrap markets are in a fall with no area spared from the cost-cutting wave sweeping across the country. In Chicago, mills are actively buying shredded scrap at prices that are down $25 per gross ton from last month with cut scrap [...]