Special Bar Quality Prices Ticked Up This Month on the Back of Higher Scrap Prices Special Bar Quality prices ticked up this month on the back of higher scrap prices, with market participants seeing a steady course for the near future. AMM’s 1000 series hot-rolled bar price rose to $40.00/cwt ($800.00/per ton) on August 11. [...]
New York State Business Activity Grew Modestly in July New York State business activity grew modestly in July, according to the Federal Reserve Bank of New York Empire State Manufacturing Survey for July 2017. U.S. Drill Rigs Running Held Steady The number of drill rigs running in the US held steady last week as gains [...]
Predicated on Recent Announcements by Republic Steel and SDI, Steel Base Prices Going Up Republic Steel's base price increase, which seemed to be in question as of Monday, appears to be solidified by SDI's announcement to do the same. So…steel base prices going up. Special Bar Quality (SBQ) prices have dipped some $10/per ton for [...]
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 Federal Reserve Bank of Philadelphia November 2015 Manufacturing Business Outlook Survey Indicated Slightly Positive General Activity Manufacturing conditions in the region showed slight improvement this month, according to firms responding to the Survey. The indicator for general activity was slightly positive this month, following two months in negative territory.” Conference Board Leading Economic Index [...]