March 2018

U.S. Steel Mill Shipments and Domestic Consumption of Long Products

For the 12 months ending February 2018, U.S. mill shipments of long products increased by 6.2% year on year, (y/y). U.S. domestic consumption of long products increased by 0.1% over the same timeframe. Import share of long products averaged 18.4% over the past 12 months, down from 22.4% for the 12 months ending February 2017. [...]

Global Crude Steel Production and Capacity Utilization

Worldsteel Association (WSA) reports that global crude steel production totaled 131.791 million tonnes (Mt) at a capacity utilization rate, (CUR) of 73.3% in February. Production was down by 13.07 Mt month on month but the CUR was up 0.5 percentage points over January. According to WSA, global excess capacity was substantially reduced by month on [...]

Consumer Confidence

The Consumer confidence index rolled-back 2.3 points in March according to the Conference Board. The index now stands at 127.7. Despite the decline, the index remains at elevated levels with a positive trend line. Businesses report being somewhat more pessimistic about current conditions as expectations fell across the board. On the other-hand, the labor market [...]