The Bureau of Economic Analysis, (BEA) introduced a new data set for GDP by state and region in 2014 and back dated it to Q1 2005. Last week the data was updated through Q2 2016. Even though we might consider this to be historically “old” we think it’s worth reporting because it is a foundation [...]
US steel production for the week ending December 10th totaled 1.674 million tons (Mt) as US mills operated at 70.6% for the week, the first time over 70 percent in 14 weeks. Steel production peaked in June and has declined steadily over the last four months, but is currently ramping up at a time of [...]
This data is not very current because some nations are slow to report but we still believe it gives a valuable perspective of global trends and is the foundation of where we are today. In this analysis we have excluded scrap that was traded within the EU from the global total. Figure 1 shows the [...]
The overall long products, apparent domestic consumption (ADC = domestic shipments + imports), was down 1.0% on a 12 month y/y basis ending November, and down 5.6% growth on a 3 month y/y metric. This difference indicates a deterioration between the two periods as indicated by negative 4.6% momentum, (Table). Light shapes recorded stronger growth [...]
