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March 2019

Global Crude Steel Production and Capacity Utilization

Worldsteel Association (WSA) reports that global crude steel production totaled 146.7 million tonnes (Mt) at a capacity utilization rate, (CUR) of 76.2% in January. On a year on year, (y/y) comparison, global crude steel production in October decreased by 3.79 Mt as the capacity utilization rate remained flat in percentage points. On a three month [...]

ISM Manufacturing Index

The Institute of Supply Management’s Index moved up 1.6 points month on month, (m/m) to 54.2 for February 2019. This continues the trend of the index being greater than 50, (>50 = expansion), now for 30 consecutive months. The new orders sub-index scored a 55.2.  Overall, the manufacturing activity expanded at a slower rate than expected [...]

Construction Put-in-Place, (CPIP)

Total U.S. construction spending continued to perform well in December, especially in the state and local sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that December’s twelve month total, (12MT) construction expenditures grew by 5.6% year on year (y/y), to $1297.6 billion (B). On a 12MT basis, private expenditures advanced 4.6% y/y, [...]

February 2019

ISM Non-Manufacturing Index

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing composite index decreased by 1.3 of a point month on month, (m/m) to a strong 56.7 in January. The indexes remain strong in 2019, up 1.3% 3MMA y/y. The advance in the index points to continued growth in the nonmanufacturing segment as the fundamentals remain strong for [...]

ISM Manufacturing Index

The Institute of Supply Management’s Index moved up 2.3 points on month, (m/m) to 56.6 for January 2019. This value is an encouraging sign for the manufacturing sector.  The index has been greater than 50, (>50 = expansion) for twenty-nine consecutive months. The new orders sub-index scored a 58.2.  Overall, the ISM manufacturing index is strong [...]

January 2019

Currency Report

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 [...]