A beginning of positive news from the Forging Industry Association (FIA) Economic Update 5/27/20 How Goes the May Rebound? Since the start of the pandemic and the decision to impose an economic lockdown as the only means left by which to control the outbreak, it has been assumed that May would be the make or [...]
The Conference Board Leading Economic Index Increased in September The Conference Board Leading Economic Index (LEI) for the US increased 0.5 percent in September following a 0.4 percent August increase and a 0.7 percent increase in July. The LEI improved further in September, suggesting the US business cycle remains on a strong growth trajectory heading into [...]
Steel Dynamics Announced Base Price Increase Steel Dynamics (SDI) announced a base price increase for Special Bar Quality (SBQ) products of $50/per ton ($2.50/cwt) effective with September 1 shipments. I'm sure the other hot mills and drawing mills will follow with their own announcements soon enough. Chicago Fed National Activity Index (CFNAI) Rebounded in June [...]
