February 2017

US Steel Production and Capacity Utilization

Over the first eight weeks of 2017, US steel production averaged 1,730,000 tons per week at an average capacity utilization rate of 72.9%. This is a 71,000 ton per week increase in production and a 2.0% increase in capacity utilization over the same period in 2016. For the week ending February 25th, production reached 1,770,000 [...]

Employment by Industry

The total number of seasonally adjusted non-farm people employed in the US in January 2017 was 145,554,000. This figure was up 2,240,000 (+1.56%) year on year and increased by of 227,000 month on month (0.16%). The economy continues to create strong overall job growth, averaging 187,000 jobs per month. Splitting the jobs into goods producing [...]

Employment Jobless Claims and Labor Participation

Continuing unemployment claims fell 3,000 to 2,076,000 for the week ending February 4th, while the four week moving average came in at 2,083,750. Continuing claims have declined in four of the first five weeks of the year after climbing for six of the last eight weeks of 2016. New filings for unemployment insurance benefits moved [...]

Currency Report

The US dollar (USD) continues to advance against a basket of currencies known as the Broad Index. The January 2017 Broad index value was 102.82, up 1.4% from the 101.40 posting of January 2016. Over the past three months the index has surged by 4.9%. The USD bull market will likely continue into 2017 as a [...]

Non Residential Construction Forecast

Twice per year the American Institute of Architects (AIA) gathers construction forecasts from seven well-known forecasting entities. These firms individually predict growth for the 2017 and 2018 non-residential construction market. From this input the AIA then produces a consensus forecast. The firms participating in this activity include: Dodge Data and Analytics, IHS Economics, Moody’s Economy.com, [...]

US Service Centers Inventory and Shipments

Service Center intake experienced a great increase in the last three months average y/y, with products such as Carbon Plate, seeing growth as high as 30.3%. This y/y growth serves as a good indicator for the industry, specifically with demand and shipment levels. U.S. steel product shipments totaled 3.34 million tons for January 2017, 29.2% higher [...]