January 2019

Oil and Gas Rotary Rig Counts

2019-01-15T18:13:21+00:00

The total number of operating rigs in the U.S. the week ending December 31st 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% for [...]

Oil and Gas Rotary Rig Counts2019-01-15T18:13:21+00:00

Currency Report

2019-01-15T18:09:06+00:00

The dollar Broad Index posted a reading of 103.0419 for December, up 1.1% month on month. On a twelve moving average, year on year, (y/y) comparison, the Broad Index was up 6.4%. Table 1 lists the values of the U.S. dollar measured in the currency of the 17 steel trading nations that we follow as [...]

Currency Report2019-01-15T18:09:06+00:00

ISM Non-Manufacturing Index

2019-01-15T18:09:33+00:00

The Institute for Supply Management’s non-manufacturing composite index increased by 0.4 of a point month on month, (m/m) to a strong 60.7 in December. The indexes remain strong in 2018, up 3.0% 3MMA y/y. The advance in the index points to continued growth in the nonmanufacturing segment as the fundamentals remain strong for the sector. [...]

ISM Non-Manufacturing Index2019-01-15T18:09:33+00:00

ISM Manufacturing Index

2019-01-15T18:10:46+00:00

The Institute of Supply Management’s Index moved up 1.6 points month on month, (m/m) to 59.3 for December 2018. This continues the trend of the index being greater than 50, (>50 = expansion), now for 27 consecutive months. The new orders sub-index scored a 62.1.  Overall, the ISM manufacturing index is strong and fundamentals remain favorable [...]

ISM Manufacturing Index2019-01-15T18:10:46+00:00

U.S. Steel Capacity Utilization

2019-01-15T18:11:29+00:00

The total tonnage for the week ending January 1st was 1,906 million tons, (Mt) at a capacity utilization rate of 81.3%, which is the seventh consecutive month where the utilization has been over 80%. For the year of 2018, total tonnage output was 84,992Mt, at an average capacity utilization rate of 77.3%. In 2017, the same [...]

U.S. Steel Capacity Utilization2019-01-15T18:11:29+00:00