May 2018 Empire State Manufacturing Survey Reports Business Activity Grew Strongly The Federal Reserve Bank of New York released its May 2018 Empire State Manufacturing Survey and reports business activity grew strongly in New York State, according to firms responding to the survey. The headline general business conditions index climbed four points. The new orders [...]
Optimistic About Future Business Conditions The Federal Reserve Bank of New York released its Empire State Manufacturing survey for the month of November 2017 and reports business activity continues to grow strongly in New York State. Indexes assessing the six month outlook suggested that firms were very optimistic about future business conditions. US Raw Steel [...]
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 [...]
Industrial production increased 0.6 percent in June Industrial production increased 0.6 percent in June after declining 0.3 percent in May. For the 2nd quarter as a whole, industrial production fell at an annual rate of 1.0 percent, its third consecutive quarterly decline. Capacity utilization for the industrial sector increased 0.5 percentage point in June to [...]
US Raw Steel Production Retreated Last Week US raw steel production retreated 1.2 percent last week as mills operated at an ACUR of 73.9 percent. In the corresponding week last year mills operated at an ACUR of 72.1 percent. Thus far this year mills have produced approx. 33,000,000 tons at an ACUR of 71.6 percent [...]
US Raw Steel Production Rose 2.9% Last Week US raw steel production rose 2.9 percent last week as mills operated at an ACUR of 73.6 percent. In the corresponding week last year mills operated at an ACUR of 67.7 percent. On the year mills have produced approx. 18,000,000 tons of steel at an ACUR of [...]
US Raw Steel Output US raw steel output rose 3.3 percent last week as mills operated at an ACUR of 72.8 percent. In the corresponding week last year, mills operated at an ACUR of 79.6 percent. On the year mills have produced prox 47,000,000 tons at an ACUR of 72.4 percent, down from prox [...]
US raw steel production Steel production slid 2.7 percent last week as mills operated at an ACUR of 70.4 percent. In the corresponding week last year mills operated at an ACUR of 77.3 percent. On the year, mills have operated at an ACUR of 72.3 percent, down from 77.0 percent in the like period last [...]
Conference Board Leading Economic Index The Leading Economic Index (LEI) for the US increased 0.2 percent in January following increases in both December and November.” The US Leading Economic Index increased again in January, but its pace of growth has moderated in recent months. While the LEI suggests a positive short term outlook in 2015, [...]
Since some of the government remains shutdown (at the time this is being written) and economic news issued by them continues to be unavailable, it is likely the View will be short this week. On Thursday I will be travelling to San Diego for the Precision Machined Products Association annual meeting. Summit Steel is proud [...]
