September 2017

U.S. Manufacturing Capacity Utilization


Manufacturing fundamentals continue to improve. Both the U.S. and global economy are strengthening and at the same time, the dollar has depreciated against the Broad Index, (basket of countries’ currencies that the U.S trades with). In addition, inventories that were previously seen as a drag on production have now shifted to a supporting role. Manufacturing [...]

U.S. Manufacturing Capacity Utilization2017-09-22T20:54:26+00:00

U.S. Service Center Shipments


U.S. service center total carbon steel shipments increased by 17.0% month on month (m/m), however, August had four more shipping days than July. On a tons per day basis, August came in at 143.1, 1.8% higher than July. On a year to date, (YTD) metric, total carbon steel shipments increased by 3.1%. Table 1 shows [...]

U.S. Service Center Shipments2017-09-22T19:04:18+00:00

U.S. Industrial Production


After six consecutive monthly gains, the Industrial production declined 0.9% month on month, (m/m) in August. Early indications are that hurricane Harvey’s impact reduced the score by 0.75 percentage point. Manufacturing industries most effected by the wind and flooding damage include; petroleum refining, organic chemicals and plastics and resins. Mining output slowed by 0.8% in [...]

U.S. Industrial Production2017-09-28T13:06:39+00:00

US Steel Mill Shipments and Domestic Consumption of Long Products


For the 12 months ending August 2017, US mill shipments of long products* increased by 2.9%. US domestic consumption of long products increased by 0.9% over the same timeframe. Import share of long products averaged 21.1% over the past 12 months, down 1.5% year on year, (y/y). Table 1 presents data for long product steel [...]

US Steel Mill Shipments and Domestic Consumption of Long Products2017-09-19T20:15:56+00:00

Employment New Jobless Claims


Hurricane Harvey’s impact was apparent in this week’s initial claims data. For the week ending September 9th, initial claims for unemployment fell by 14,000 to an unrevised level of 284,000.  The four week moving average, (4WMA) moved, up 13,000 from the previous to 263,250. Initial claims are now at the highest level since August 2016 [...]

Employment New Jobless Claims2017-09-19T20:10:24+00:00

U.S. Steel Capacity Utilization


U.S. steel production average capacity utilization rate came in at 74.9% over the past week ending September 16th, up 0.6 percentage points over the previous  week. On a four moving average, (4WMA) basis, the capacity utilization rate was slightly less at 74.7%. The 4WMA tonnage for the four weeks ending September 16th was 1,741 million [...]

U.S. Steel Capacity Utilization2017-09-19T20:05:42+00:00

Producer Price Index for Construction


The Bureau of Labor Statistics (BLS), Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output. We have witnessed over time that this technique is excellent for measuring price inflation or deflation on construction materials and structures. The U.S. producer prices index (PPI), for final all [...]

Producer Price Index for Construction2017-09-15T18:53:10+00:00

U.S. Beam Import Licenses


Beam licenses year to date (YTD), through September 14th totaled 423,658 tons, down 5.0% from last year’s YTD 446,138 tons. September to date license requests were for 18,199 tons, down substantially from the YTD average through August of 50,682 tons. Wide flange beams accounted for 84% and standard I beams make up the remaining 16%. [...]

U.S. Beam Import Licenses2017-09-15T18:41:03+00:00

U.S. Reinforcing Steel Import Licenses


Rebar licenses through September 14th totaled just 673 tons, plummeting from the year to date, (YTD) average through August of 149,957 tons. On a year to date, (YTD) basis, there have been a total of 1,200,326 tons of rebar license requests, down 30.2% from the 1,720,308 tons of license requests YTD 2016. Figure 1 shows [...]

U.S. Reinforcing Steel Import Licenses2017-09-15T13:38:33+00:00