May 2018

U.S. Merchant Steel Import Licenses


Total Merchant licenses, (representing 10 HTS codes), year to-date, (YTD) through May 28th totaled 332,746 tons down 22.6% from last year’s 430,092 tons. Month to-date, there have been a total of 64,715 tons of Merchant license requests, 37% lower than March 2017 volume of 102,173 tons. Figure 1 shows the overall total Merchant licenses from [...]

U.S. Merchant Steel Import Licenses2018-06-01T20:24:13+00:00

U.S. Beam Import Licenses


Beam licenses for May through the 28th totaled just 32,802 tons, down 52,166 tons or down 61.4% from April’s total of 84,967 tons. Year to date, (YTD) beam import license volume through May 28th totaled 227,867 tons, vs. 207,223 tons YTD 2017. Thus far in 2018, wide flange beams accounted for 75.2%, while standard beams [...]

U.S. Beam Import Licenses2018-06-01T19:47:02+00:00

U.S. SBQ Steel Import Licenses


Total SBQ licenses year to date, (YTD) through May 28th totaled 182,709 tons, up 3.7% from the YTD 2017 total of 176,271 tons. Thus far in May, 35,803 tons of licenses have been requested, down 23% from the 46,546 in May 2017. Figure 1 shows the monthly total SBQ licenses for from June 2017 through [...]

U.S. SBQ Steel Import Licenses2018-06-01T19:42:56+00:00

U.S. Reinforcing Steel Import Licenses


Rebar licenses year to date, (YTD) through May 28th totaled 654,915 tons, 15.5% lower than the YTD 2017 level of 775,449 tons. So far in May, 110,321 tons have been licensed, 28% of it from Italy. Figure 1 shows the monthly total rebar licenses from June 2017 through May 2018 as well as the corresponding [...]

U.S. Reinforcing Steel Import Licenses2018-06-01T19:41:06+00:00

Global Crude Steel Production and Capacity Utilization


Worldsteel Association (WSA) reports that global crude steel production totaled 148.32 million tonnes (Mt) at a capacity utilization rate, (CUR) of 76.9% in April. Production down 0.6% m/m, and up 4.1% y/y. The Capacity Utilization Rate was up 2.4 percentage point’s m/m, and also up 2.4 percentage point’s y/y. The World Steel Association (worldsteel) currently [...]

Global Crude Steel Production and Capacity Utilization2018-05-25T14:37:36+00:00

Architectural Billings Index


April's ABI national overall score of 52.0, up 1.0 point from March’s 51.0 but still well into the expansionary zone, (>50). Although business conditions in the Midwest and Southern weakened, it remained strong in the Northeast and West regions. The new projects inquiry index came in at 56.7, down 1.4 points from last month, while [...]

Architectural Billings Index2018-05-23T20:28:11+00:00

Currency Report


The dollar Broad Index posted a reading of 95.2 for April, relatively flat month on month yet still close to its lowest level in since July of 2015. The rate of decline has moderated over the past month likely because of the FEDs indication that there will be three and perhaps four interest rate hikes [...]

Currency Report2018-05-18T19:59:32+00:00

U.S. Industrial Production


The April Industrial production, (IP) report rises as capacity utilization came in at a three year high, gaining 0.7% month on month, (m/m) which is the third straight month of higher production. On a year on year, (y/y) basis, the IP index was up 3.5%. Prospects for continued growth in 2018 look promising indeed as [...]

U.S. Industrial Production2018-05-17T18:14:39+00:00

Employment by Industry


For the month of April, there were good gains in both construction and manufacturing. The total number of seasonally adjusted (SA), non-farm people employed in the U.S. in April was 148.424 million (M), an increase of 0.11% month on month, (m/m). The SA service providing sector employed 127.865M people in April, up 115,000 jobs, 0.09% [...]

Employment by Industry2018-05-16T21:10:17+00:00