January 2019

Oil and Gas Rotary Rig Counts


The total number of operating rigs in the U.S. the week ending December 31st was 1,048 with 860 being oil and 186 gas. In percentage terms, on a month on month, (m/m) basis, oil rigs were down 1.0% and gas rigs remained flat m/m. On a year on year, (y/y) comparison, rigs were up +13.8% for [...]

Oil and Gas Rotary Rig Counts2019-01-15T18:13:21+00:00

Currency Report


The dollar Broad Index posted a reading of 103.0419 for December, up 1.1% month on month. On a twelve moving average, year on year, (y/y) comparison, the Broad Index was up 6.4%. Table 1 lists the values of the U.S. dollar measured in the currency of the 17 steel trading nations that we follow as [...]

Currency Report2019-01-15T18:09:06+00:00

ISM Non-Manufacturing Index


The Institute for Supply Management’s non-manufacturing composite index increased by 0.4 of a point month on month, (m/m) to a strong 60.7 in December. The indexes remain strong in 2018, up 3.0% 3MMA y/y. The advance in the index points to continued growth in the nonmanufacturing segment as the fundamentals remain strong for the sector. [...]

ISM Non-Manufacturing Index2019-01-15T18:09:33+00:00

ISM Manufacturing Index


The Institute of Supply Management’s Index moved up 1.6 points month on month, (m/m) to 59.3 for December 2018. This continues the trend of the index being greater than 50, (>50 = expansion), now for 27 consecutive months. The new orders sub-index scored a 62.1.  Overall, the ISM manufacturing index is strong and fundamentals remain favorable [...]

ISM Manufacturing Index2019-01-15T18:10:46+00:00

U.S. Steel Capacity Utilization


The total tonnage for the week ending January 1st was 1,906 million tons, (Mt) at a capacity utilization rate of 81.3%, which is the seventh consecutive month where the utilization has been over 80%. For the year of 2018, total tonnage output was 84,992Mt, at an average capacity utilization rate of 77.3%. In 2017, the same [...]

U.S. Steel Capacity Utilization2019-01-15T18:11:29+00:00