The total tonnage for the week ending January 11th was 1,923 million net tons, at a capacity utilization rate of 82.5%. The first time the capacity utilization has been under 82 percent since the week of April 13th, 2019. The year to date tonnage output is 3,821 million net tons, at an average capacity utilization [...]
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Merchant final imports to the U.S. came in at 34,165 tons in October 2019, up 40.2%% month over month (m/m). Figure 1 further breaks down total final beam imports from January 2019 – October 2019. When comparing year to date figures, it shows that beam imports peaked in October 2019 with 34,165 tons of imports [...]
Rebar final imports to the U.S. came in at 61,469 tons for the month of October 2019. Rebar imports include: concrete reinforcing bars and rods of iron or non-alloy steel, in irregularly wound coils hot-rolled, concrete reinforcing bars and rods of other alloy steel, not further worked than hot-rolled, hot-drawn or extruded, and other bars and [...]
Beam final imports came in at 24,268 tons for October 2019, up 31.2% m/m. These include: Angles, Shapes and H Sections, Angles, Shapes and I Sections, Angles H Sections Iron and Non-Alloy Steel Hot-rolled, and Other H Sections. Figure 1 further breaks down total final beam imports from January 2019 – October 2019. When comparing year [...]
U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU), scored a 74.5% in June, down 0.7% month on month, (m/m), its second monthly decreasing for the year. On a year on year (y/y) comparison the MCU was a modest -3.03%. Manufacturing fundamentals continue to improve. Both the U.S. and global economy are strengthening and at the same [...]
ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing composite index decreased by 0.8 points month on month, (-1.5% MoM) to 53.9 in November. The ISM nonmanufacturing survey measures the rate and direction of change in activity in nonmanufacturing industries. Surveys are sent to more than 370 purchasing managers in 17 industries. Survey responses reflect the [...]
Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. the week as of December 13th was 667 oil and 129 gas (totaling 796). In percentage terms, on a month on month, (m/m) basis, oil rigs were down 1.0% and gas down 0.0%. On a year on year, (y/y) comparison, [...]
The U.S. Census Bureau reported that; new orders for durable goods orders increased by 0.6% month on month, (m/m) in October, following the 1.4% decrease in September. The always-volatile nondefense aircraft orders, increasing 10.7% m/m and down 38.5% y/y influenced this trend significantly. The Advance Report on Durable Goods (DG), provides statistics on manufacturers' value [...]
October’s ABI national overall score of 52.0 was up 2.3 points from September’s 49.7, which is slightly over the expansionary zone, (>50). U.S. architecture firms specializing in commercial and industrial facilities likewise reported a drop in design activity in October, coming on the heels of a significant upturn in September. Firms concentrating in the multifamily [...]
U.S. Service Center Shipments: On a three month moving average, (3MMA) basis, October total carbon steel shipments averaged 137,100 tons per day, compared to 150,400 tons per day in May 2018 (-8.9 % year on year, YoY). Overall carbon steel inventory is down 15.4% YoY. Figure 1 shows percentage change results for shipments, daily intake [...]