The total number of operating rigs in the U.S. the week as of August 16th was 770 oil and 165 gas (totaling 935). In percentage terms, on a month on month, (m/m) basis, oil rigs were down 1.2% and gas down 5.2%. On a year on year, (y/y) comparison, rigs were down 11.4% for oil [...]
Merchant final imports to the U.S. came in at 23,302 tons in June 2019, down 8.0% month over month (MoM), and up 9.5% year over year (YoY) Figure 1 further breaks down total final merchant imports from January 2018 – June 2019. When comparing year to date figures from 2018 and 2019. Figure 1 also [...]
Beam final imports came in at 33,412 tons for June 2019, down 43% Mom and up significantly YoY (120%. 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 2018 – [...]
Rebar final imports to the U.S. were down 20% YoY, and down 5.4% MoM in March 2019, coming in at 100,866 tons. The top five account for 64% of the total intake. These 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 [...]
Total U.S. construction spending continued to perform well in June 2019, especially in the state and local sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that June’s twelve month total, (12MT) construction expenditures grew by 3.3% year on year (y/y), to $1305.9 billion (B). On a 12MT basis, private expenditures advanced 1.4% [...]
The total number of operating rigs in the U.S. the week as of July 12th was 784 oil and 172 gas (totaling 956). In percentage terms, on a month on month, (m/m) basis, oil rigs were down 0.5% and gas down 5.0%. On a year on year, (y/y) comparison, rigs were down 9.2% for oil [...]
The U.S. Census Bureau reported that; new orders for durable goods orders decreased by 1.3% month on month, (m/m) in May, following the 2.8% decrease in April. The always-volatile nondefense aircraft orders, decreasing 28.2% m/m and 39.4% y/y influenced this trend significantly. The Advance Report on Durable Goods (DG), provides statistics on manufacturers' value of [...]
The total tonnage for the week ending June 22nd was 1,873 million tons, (Mt) at a capacity utilization rate of 80.5%, the twenty-third consecutive week where the utilization rate is over 80%. For the first 25 weeks of 2018, total tonnage output was 44,079Mt, at an average capacity utilization rate of 75.4%. For the same [...]
Active U.S. rigs declined by 1.6% MoM and down 8.1%YoY per Baker Hughes. The total number of operating rigs in the U.S. the week as of June 21st was 967 with 789 oil rigs and 177 gas. In percentage terms, on a month on month, (m/m) basis, oil rigs were down 1.0% as gas rigs [...]
The U.S. Census Bureau reported new orders for durable goods orders declined 2.1% month on month, (m/m) in April. The slowdown was driven by exports and a buildup of inventories. Orders for non-defense capital goods excluding aircraft dropped 0.9% last month as demand weakened almost across the board, the Commerce Department said The Advance Report [...]
