November 2017

U.S. Steel Mill Shipments and Domestic Consumption of Long Products*


For the 12 months ending October 2017, U.S. mill shipments of long products increased by 6.6% year on year, (y/y). U.S. domestic consumption of long products increased by 3.2% over the same timeframe. Import share of long products averaged 20.1% over the past 12 months, down from 22.6% for the 12 months ending October 2016. [...]

U.S. Steel Mill Shipments and Domestic Consumption of Long Products*2017-11-30T22:05:43+00:00

Portland Cement Shipments


U.S. cement consumption fell in September to 9.32 million, (Mt) short tons from August’s strong volume of 10.27Mt. For the three months total (3MMT), ending September, national Portland cement shipments were flat year on year (y/y), basis at 28.55Mt. Six of the nine census regions posted higher 3MMT cement shipments y/y. Figure 1 shows the three [...]

Portland Cement Shipments2017-11-30T21:45:14+00:00

Consumer Confidence


Consumer confidence soared again in November as the Conference Board Consumer Confidence Composite Index rose 3.3 points to 129.5 to reach its highest level in 17 years. This make five monthly increases in a row. The composite index three month moving average, (3MMA) measured 125.4, up 3.0 points month on month (m/m). On a year [...]

Consumer Confidence2017-11-30T21:24:30+00:00

U.S. Steel Capacity Utilization


Total tonnage for the week ending November 25th was 1,703 million tons, (Mt) at a capacity utilization rate of 73.0%, 1.9 percentage points lower than the previous week. On a four moving average, (4WMA) basis, the capacity utilization rate was 0.5 percentage point lower at 74.0%. The 4WMA tonnage was 1,726Mt, 8.1% greater than the [...]

U.S. Steel Capacity Utilization2017-11-30T14:55:21+00:00

Global Crude Steel Production and Capacity Utilization


Worldsteel Association (WSA) reports that global crude steel production totaled 145.25 million tonnes (Mt) at a capacity utilization rate, (CUR) of 73.0% in October. On a year on year, (y/y) comparison, global crude steel production in October increased by 8.73 Mt as the capacity utilization rate rose 4.5 percentage points. On a three month moving [...]

Global Crude Steel Production and Capacity Utilization2017-11-30T14:49:39+00:00

U.S. Manufacturing Capacity Utilization


Manufacturing capacity utilization advanced by 0.9 index points to reach its highest level since June 2008. Capacity utilization for manufacturing was 76.4% in October, a rate that is 2.0 percentage points below its long-run average. Utilization for durables increased 0.2 percentage point to 75.7%, while the rate for nondurables rose 1.7 percentage points to 78.1%. The operating rate [...]

U.S. Manufacturing Capacity Utilization2017-11-30T15:09:32+00:00

Automotive Sales


Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in September were at a seasonally adjusted annual rate, (SAAR) of 18.918 million (M), units, up 2.464 M units or up 15.0% from August. On a three month moving average (3MMA), basis, sales were tracking at 17.489M, [...]

Automotive Sales2017-11-21T22:40:17+00:00

U.S. Housing Starts and Permits


Referencing the Department of Commerce data, housing starts shot-up 13.7% month on month, (m/m) in October to a seasonally adjusted annualized rate (SAAR) of 1,290,000 units. Multi-family, (MF) surged by 36.8%, while single family, (SF) advanced by 5.3%. Permits increased by 5.9% m/m, up 1.9% for SF and up 13.4% for MF greater than 5+ [...]

U.S. Housing Starts and Permits2017-11-21T22:36:56+00:00

Chicago Fed National Activity Index


The pace of U.S. economic growth accelerated in October as evidenced by the strong score of the CFNAI which moved-up 0.65 after a 0.36 rise in September. This was just the second time since late 2014, that the index recorded back-to-back monthly advances. On a three month moving average, (3MMA) basis the CFNAI managed to [...]

Chicago Fed National Activity Index2017-11-21T22:33:52+00:00

U.S. Reinforcing Steel Import Licenses


Rebar licenses through November 14th totaled 39,952 tons, well down, (71.4%) from the year to date, (YTD) average of 139,918 tons. On a year to date, (YTD) basis, there have been a total of 1,441,480 tons of rebar license requests, down 553,610 tons or 27.7% from the 1,995,090 tons of license requests YTD 2016. Straight [...]

U.S. Reinforcing Steel Import Licenses2017-11-20T16:14:28+00:00