Leading Economic Index Jumped 0.5% in January The Conference Board Leading Economic Index jumped 0.5% in January, beating consensus estimates. Led by improvements in personal consumption-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.66 in January from +0.41 in December. All four broad categories of indicators used to construct the index made [...]
Chicago Business Barometer Highest Level Since January The Chicago Business Barometer at highest level since January, rose to 64.1 in June. New orders were up for the second straight month while prices paid reached their highest level since May 2011. Lead times and backlogs also increased in June. Texas Factory Activity Continued in June The [...]
Chicago Fed National Activity Index (CFNAI) Reports Improvements in Production-related Indicators We begin the week with the release of the Chicago Fed National Activity Index (CFNAI) which reports that improvements in production-related indicators the CFNAI rose to +0.49 in April from +0.07 in March. Two of the four broad categories of indicators that make up [...]
US Raw Steel Production Jumped 1.9% Last Week US raw steel production jumped 1.9 percent last week as mills operated at an ACUR of 73.3 percent. In the corresponding week last year mills operated at an ACUR of 68.7 percent. On the year mills have produced prox 7,000,000 tons compared to the prox 6,500,000 tons [...]
US Raw Steel Production Jumped 1.9% Last Week US raw steel production jumped 1.9 percent last week as mills operated at an ACUR of 73.3 percent. In the corresponding week last year mills operated at an ACUR of 68.7 percent. On the year mills have produced prox 7,000,000 tons compared to the prox 6,500,000 tons [...]
Special Bar Quality - SBQ prices gained some $40 per ton for January shipment following this month’s rise in No. 1 busheling prices in Chicago, market participants said. Still no base price increases were reported in the market with SBQ tags continuing to ride scrap adjustments. Nonetheless some optimism in the market bodes well for [...]
