SBQ final imports to the U.S. were down 13.6% in 2018, year on year (y/y), totaling 281,667 tons YTD ending July 2018. July 2018 SBQ final imports came in at tons, 39,042 or 3.6% lower than the 40,478 tons in June. There are nineteen HTS codes that contribute to our definition of SBQ. The top [...]
Beam final imports to the U.S. were down 17.4% in 2018, year on year (y/y), totaling 284,039 tons YTD ending July 2018. July 2018 Beam final imports came in at 41,549 tons, significantly higher than the 14,569 tons in June. There are four HTS codes that contribute to our definition of Beams. These include: Standard [...]
Rebar final imports to the U.S. were down 31.5% in 2018, year on year (y/y), totaling 811,809 tons YTD ending July 2018. July 2018 Rebar final imports came in at 150,874 tons, significantly higher than the 47,953 tons in June. There are three HTS codes that contribute to our definition of Rebar. These include: Coil [...]
The total tonnage for the week ending September 8th was 1,879 million tons, (Mt) at a capacity utilization rate of 80.2%, which is the highest utilization since August 2014. For the first 36 weeks of 2018, total tonnage output was 64,240Mt, at an average capacity utilization rate of 76.3%. In 2017, the same 12 weeks [...]
The total number of operating rigs in the U.S. the week ending September 7th was 1,048 with 860 being oil and 186 gas. In percentage terms, on a month on month, (m/m) basis, oil rigs were down 1.0% and gas rigs remained flat m/m. On a year on year, (y/y) comparison, rigs were up +13.8% [...]
The dollar Broad Index posted a reading of 100.92 for September, up 1.7% month on month. On a twelve moving average, (12MMA) year on year, (y/y) comparison, the dollar was down 1.6% against the Broad Index. Figure 1 shows the track of the Broad Index from 2000 to present. Year on year, the U.S. Dollar [...]
The Institute for Supply Management’s non-manufacturing composite index increased by 2.8 points month on month, (m/m) to a strong 58.5 in August. The indexes remain strong in 2018, up 4.0% 3MMA y/y. The strong advance in the index points to continued growth in the nonmanufacturing segment as the fundamentals remain strong for the sector. The [...]
Total U.S. construction spending continued to perform well in July, especially in the state and local sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that July’s twelve month total, (12MT) construction expenditures grew by 4.8% year on year (y/y), to $1271.7 billion (B). On a 12MT basis, private expenditures advanced 4.7% y/y, [...]
The Institute of Supply Management’s Index moved up 3.2points month on month, (m/m) to 61.3 for August 2018. This value is an encouraging sign for the manufacturing sector, as it is the highest index since February 2011. The index has also been greater than 50, (>50 = expansion) for thirty consecutive months. The new orders sub-index [...]
