US SBQ Spot Market Prices Slip US SBQ spot market prices slip for most grades of special bar quality (SBQ) in AMM’s latest assessment on Friday 12/14 driven by late year discounting although overall demand remains strong. Sources indicated that lead times stretch from late February to early March 2019. The price for 1.000” Round [...]
Consumer Confidence Hit Highest Level Since 2000 Consumer Confidence hit highest level since 2000. Only in eleven individual months since 1967 have we seen confidence higher than it is today. Nine of those months were in the year 2000. The other two were in 1999. This is the thin air of high peaks... The euphoria [...]
Small Business Optimism Reaches Historic Level Small business optimism reaches historic level, according to the National Federation of Independent Business (NFIB) Small Business Optimism Survey, which rose 3.0 points in May, reaching the second highest level in the 45 year history of the survey. Wells Fargo US Stainless Steel Prices Rose Stainless steel prices in [...]
Notable Pop in Motor Vehicle and Parts Production Friday's 1.1 percent jump in industrial production is an indication of the long-awaited convergence of recently more upbeat survey data. All major categories were higher as well, notable was the 3.9 percent pop in motor vehicle and parts production. US Raw Steel Production Increased US raw steel production [...]
