February 2018

Global Crude Steel Production and Capacity Utilization

Worldsteel Association (WSA) reports that global crude steel production totaled 138.823 million tonnes (Mt) at a capacity utilization rate, (CUR) of 70.0% in January. Production was up by 1.380 Mt month on month as the CUR was up 0.7 percentage points over December. On a year on year, (y/y) comparison, global crude steel production in [...]

Consumer Confidence

The Consumer confidence index surged 6.5 points in February according to the Conference Board. The index now stands at 130.8, its highest level in a year. Business conditions are reportedly strong and consumers feel good about the job market and the economy. On a year over year comparison, the 3MMA composite index was up 14.7 [...]

U.S. Merchant Steel Import Licenses

Total Merchant licenses, (representing 10 HTS codes), year to-date, (YTD) through February 20th totaled 108,918 tons, down 39,955 tons or 26.8% from last year’s 188,873 tons. Month to-date, there have been a total of 42,475 tons of Merchant license requests, 42.8% lower than February 2017 volume of 74,239 tons. Figure 1 shows the overall total [...]

Automotive Sales

Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in December were at a seasonally adjusted annual rate, (SAAR) of 18.237 million (M), units, up 383,000 units or 2.1% from November. On a three month moving average (3MMA), basis sales were tracking at 18.178M, down 1.2% [...]