Gerdau SA Pushed More Leaded Bar Steel Sales into U.S.
Gerdau SA pushed more leaded bar steel sales into the United States, exporting from its Brazilian special steel mills, according to one special bar quality (SBQ) market source.
Hot rolled leaded steels have been pushed as a growth niche by Gerdau management, partly as other producers exited the US market in recent years. Leaded steels typically improve machinability, so cold finished leaded steel has applications across sectors where better machinability matters, like in screw machine parts or hose fittings.
Arcelor-Mittal (formerly Inland Steel) had melted leaded bar products but idled the Indiana Harbor Mill in 2015. Since then the sole US producer of hot rolled leaded steel has been Canton, Ohio based Republic Steel. AMM
US Raw Steel Production Inched Up Last Week
US raw steel production last week inched up 0.6% as mills operated at an ACUR of 76.1 percent. In the corresponding week last year, mills operated at an ACUR of 71.3 percent.
Thus far this year, mills have produced prox 50,000,000 tons compared to the prox 49,000,000 tons produced in the like period last year. AMM
US Drill Rigs Running Declined Last Week
The number of drill rigs running in the US declined by two last week while Canadian drilling jumped by 15 rigs compared with the previous week.
Manufacturing Remains Generally Optimistic
The Federal Reserve Bank of Richmond released its Fifth District Survey of Manufacturing Activity and reports improved conditions in July, the result of a slight increase in the measures of new orders and employment.
Manufacturing executives remained generally optimistic about activity six months ahead.
Monthly advance report on manufacturers’ shipments, inventories and orders June 2017:
- New orders for manufactured durable goods in June increased 6.5 percent. This increase, up following two consecutive monthly decreases, follow a 0.1 percent May decrease.
- Shipments of manufactured durable goods in June, down three of the last four months, was virtually unchanged from May.
- Inventories of manufactured durable goods in June, up eleven of the last twelve months, increased 0.4 percent.
Chicago Fed National Activity Index (CFNAI) Moved Up in June
Led by increases in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved up to +0.13 in June. The index’s three month moving average (CFNAI-MA3) increased to +0.06 in June from -0.04 in May
Real GDP Increased in Second Quarter 2017
Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017, according to the advance estimate (the first of three) released by the Bureau of Economic Analysis (BEA). In the first quarter, real GDP increased 1.2 percent.
Senate Health Care Vote
The Senate on Tuesday took a vote on whether or not to begin debate on a health care bill. Every fucking Democrat in the senate voted no. I am incensed by their lack of will to do ANYTHING positive for the American people. They (the elite democrats AND the elite republicans) care only to resist and obstruct anything beneficial this administration wants to do. Why? If President Trump succeeds they will be discovered to be greedy, power hungry sons-of-bitches who care only for themselves. Most of us already know that. DRAIN THE SWAMP (or sewer);
To his credit John McCain is giving a speech encouraging everyone to work together, admonishing them for doing nothing at all, that we are letting down the American people.
Vice President Pence made the tie breaking vote and a debate will begin.
Democrats’ “Better Deal” Agenda
The Democrats have rolled out their new agenda “a better deal”…but it is NOT a better way for America. Higher taxes, larger government, more regulation. Same old song, same old bullshit. They do that in Venezuela. Guess what? It does NOT work.
Democratic Staffer Arrested for Bank Fraud
“A longtime IT staffer, who has served more than 25 Democratic members of the House of Representatives, has been arrested while attempting to flee the country. According to reports, Imran Awan, a Pakistani born immigrant, is under investigation for “wide ranging equipment and data theft.”
Awan remained in the employment of Re. Debbie Wasserman Schultz (d-FL) when, in February, he was barred from access to the House IT network.
Politico reported at the time:
Multiple relatives of Imran Awan, including his wife, Hina Alvi. Abid Awan and Jamal Awan-all House staffers until recently-are also being investigated in connection to the alleged procurement scam, according to a senior House official close to the investigation….Now six months into the investigation, quite a bit more information has come to light:
Smashed hard drives were found at Awan’s residence, according to a report this week from the Daily Caller.
FBI agents seized smashed computer hard drives from the home of Florida Democrat Rep. Debbie Wasserman-Schultz’s information technology administrator.
These people were paid millions of taxpayer dollars under the employ of these democrats.
Awan was arrested Monday at Dulles International Airport in Washington, DC as he attempted to flee the country.
According to The Hill, despite being fired by a number of other House Democrats and the fact that he has been barred from access to the House IT system since February, Awan is still on Wasserman-Schultz’s payroll-but in an advisory capacity.
Nothing here, right? Let’s keep digging into the nothing burger Russian collusion investigation which has turned up ZERO evidence to support the charges, in over a year of investigation. The crooks and the collusion reside in the Democrat side of the House of Representatives.
Debbie Wasserman Schultz should go to jail for treason and she should be joined by Hillary Clinton, Bill Clinton, Eric Holder, Lois Lerner, John Koskinen and a slew of other swamp dwelling thieves and enemies of the United States of America. What a load of horseshit this is. DRAIN THE SWAMP
The Trump Administration said it will bar transgender individuals from serving in the US military, a year after the Obama administration moved to lift such a ban (in order to get votes from another “segment” the dems have made of the American population). Mr Trump said “Our military must be focused on decisive and overwhelming victory and cannot be burdened with the tremendous medical costs and disruption that transgender in the military would entail. Thank you.”
I agree wholeheartedly with the Presidents’ decision. I also do not believe women should be subjected to combat conditions. If you have (as General G.S Patton once said)”stuck your hand into a pile of goo that moments before was your comrades head,” you will know what I mean.
Infrastructure X (Keystone & Dakota pipelines) Regulation Reform XX 1 in 2 out
Individual Tax Reform Entitlement Reform
Business Tax Reform Education Reform X
Healthcare Reform X rollback begun Veterans Administration Reform X
Rebuild our Military X Trade Reform X
Secure our Borders (The Wall) XX Lead the world from the front XX
Help for the poor Drain the swamp X as we speak
Peace through unmatchable strength Support Israel X
Destroy ISIS X Extreme Vetting XX
Conservative Supreme Court nominees XX American Jobs XX
I will track these campaign promises and will check them off as each is accomplished adding those I have missed as they become apparent. This is quite an agenda and will be difficult to achieve all in one term but I believe the American people are behind him and know these things need to be done. Now, if he can get our legislators to support him instead of fighting him….
“MAKE AMERICA GREAT AGAIN”
Have a great weekend…. God bless America!
Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.
If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.
By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”