March 2017

Global Crude Steel Production and Capacity Utilization

Referencing data from Worldsteel Association, February global crude steel production totaled 126.6 million tonnes (Mt) (note February was a 29 day month) at a capacity utilization rate (CUR) of 70.3%. This was a 4.1% year on year (y/y), increase and the highest CUR since March 2016. China’s production was 61.2 Mt, a 4.2% increase y/y, [...]

Consumer Confidence

The Conference Board Consumer Confidence Composite index rose 10.8 points in March to reach 125.6 points, the highest reading since December 2000. This was far better than analysts’ expectations and the fourth increase in the last five months.  The Present Situation sub-index score was 143.1 while the Expectation sub-index came-in at 113.8, both scoring their [...]

Currency Report

The US dollar (USD) continues to advance against a trade weighted basket of currencies known as the Broad Index. The February 2017 Broad index value was 101.33 down 1.4% month on month (m/m) but up 1.9% over 12 months and up 22.0% from a level of 83.04 where it stood five years ago. The FED [...]