January 2017

Producer Price Indexes of Steel & Competing Materials

The Producer Price Index (PPI) is a weighted index of prices measured at the wholesale, or producer level. A monthly release from the Bureau of Labor Statistics (BLS), the PPI shows trends within the wholesale markets, manufacturing industries and commodities markets. Figure 1 Figure 1 presents a historic review of all commodities from 2000 to [...]

US Scrap Exports

In the first eleven months of 2016 bulk scrap exports were 11,428,000 tonnes, down by 2.8% from the first 11 months of 2015. The tonnages shown in Figure 1 are based on three month moving averages for 2016 and on the annual monthly average for previous years. Figure 1 The graph shows that exports declined [...]

US Consumer Credit

We monitor consumer spending because history has shown that increased consumer spending (which is approximately 70% of GDP), translates into increased steel consumption (and vice versa). Figure 1 Consumer spending surprised to the upside in November after posting a disappointing October. Non-revolving credit led a strong surge to $24.5 Bn, exceeding analysts’ expectations by $6.1 [...]