August 2017

China Domestic Prices


China Metals Weekly (CMW), August 31st newsletter reported that long products prices continued to move-up briskly on all product lines on a month over month (m/m), basis. Angles advanced 15.8% to $599 per ton, channels jumped 16.0% to $592. Beams rose 15.6% to $584. Wire rod priced increased 11.7% to $570 and rebar increased by [...]

China Domestic Prices2017-09-01T18:37:13+00:00

U.S. Housing Inventory and Prices


Existing home inventory in July fell 20,000 units or 1.0% month on month, (m/m) to 1.920 million, (M). On a year on year, (y/y) comparison inventory of existing homes fell 9.0%. Month’s supply was 4.2, down from 4.7 months in July 2016. New home inventory stood at 277,000 units, down1.8% m/m and down 10.6% y/y. [...]

U.S. Housing Inventory and Prices2017-08-30T13:56:57+00:00

U.S. Manufacturing Inventory Census Report


Total seasonally adjusted (SA), non-inflation adjusted manufacturing inventories totaled $649,086 million (M) at the end of June, up 0.16% month on month, (m/m) and up 4.78% year on year, (y/y). The total manufacturing inventories to shipment ratio, (I/S) was up 0.01 to 1.38 m/m and up 0.03 percentage points y/y. The US Census Bureau issues [...]

U.S. Manufacturing Inventory Census Report2017-08-29T21:22:20+00:00

Advanced Durable Goods Orders


Overall, durable goods orders have improved, up 4.6% year on year, (y/y). However for the month of July, new orders tumbled 6.8% month on month, (m/m), largely as a function of sharply reduced non-defense aircraft, autos and machine orders. If transportation orders are excluded, orders were up by 0.5% and were 6.9% higher y/y. The [...]

Advanced Durable Goods Orders2017-08-29T21:13:00+00:00

U.S. Manufacturing Capacity Utilization


Manufacturing capacity utilization (MCU), came in at 75.4% in July, flat month on month (m/m), up 0.5 percentage point year on year (y/y). Year to date (YTD), MCU has kept to a very narrow range (75.1% to 75.8%), averaging 75.5%. Figure 1, charts capacity utilization from 2010 to present. We are currently in the green [...]

U.S. Manufacturing Capacity Utilization2017-08-24T18:58:43+00:00

U.S. Merchant Steel Import Licenses


Total Merchant licenses (representing 10 HTS codes), year to date, (YTD) through August 21st totaled 573,690 tons, down 9.8% from last year’s 636,090 tons. For the month of August, there have been a total of 36,155 tons of Merchant license requests, down 160.6% from the 94,211 tons May, June and July average volume. Figure 1 [...]

U.S. Merchant Steel Import Licenses2017-08-24T18:47:58+00:00

U.S. Wire Rod Import Licenses


Wire Rod licenses for the month of August through the 21st, totaled 70,008 tons, plummeting 63.5% from its May, June and July licensed volume of 191,500 tons. On a year to date (YTD), y/y basis licensed import volume was 1,318,808 tons, up 2.7% over the 1,284,126 tons YTD 2016. Figure 1 shows total Wire Rod [...]

U.S. Wire Rod Import Licenses2017-08-24T18:15:19+00:00

U.S. Reinforcing Steel Import Licenses


Rebar licenses through August 21st totaled just 13,451 tons, plummeting from the May, June and July average of 134,817 tons. On a year to date, (YTD) basis, there have been a total of 1,124,117 tons of rebar license requests, down 27.6% from the 1,552,268 tons of license requests YTD 2016. Figure 1 shows total rebar [...]

U.S. Reinforcing Steel Import Licenses2017-08-24T17:52:41+00:00

Architectural Billing Index


The national ABI score for July was 51.9, down 2.3 month on month, (> 50 indicates an increase in billings). The ABI has now been greater than 50 for six months in a row and for nine of the last 12 months. The new projects inquiry index was 59.5, up 0.9 point month on month [...]

Architectural Billing Index2017-08-24T17:18:54+00:00

U.S. Service Center Shipments


U.S. service center total carbon steel shipments increased by 1.6% year on year (y/y), in July on a three month moving average (3MMA), basis, its third consecutive monthly shipment increase. Shipments on a month on month, (m/m) basis fell 13.7%, but July was a 20 day shipment month, while July had 22 days. July’s tons [...]

U.S. Service Center Shipments2017-08-25T13:55:51+00:00