Consumer Confidence

Consumer confidence slipped a bit in September as the Conference Board Consumer Confidence Composite fell 0.6 points to 119.8 points. Despite the slight decline, confidence remains at an elevated level. The composite index three month moving average (3MMA) stood at 120.0, up 0.8 points month on month (m/m). The Consumer Confidence Survey measures the level [...]

Global Crude Steel Production and Capacity Utilization

Worldsteel Association (WSA) reports that global crude steel production totaled 143.58 million tonnes (Mt) at a capacity utilization rate, (CUR) of 72.2% in August. On a year on year, (y/y) comparison, the capacity utilization rate was up 3.7 percentage points, a significant increase. For the seven months ending August total worldwide raw steel production totaled [...]

China Domestic Prices

China Metals Weekly (CMW), September 21st newsletter reported that long products prices fell across the board on a week over week basis from 0.5% to 2.1%. However, on a month over month (m/m), basis long products increased for all long product lines. Angles advanced 5.3% m/m to $605 per ton, channels moved-up 4.8% m/m to [...]