Steel Products
Durable Goods Orders and Shipments Rise in December
Written by Sandy Williams
January 30, 2013
Written by: Sandy Williams
New orders and shipments for manufactured durable goods both rose in December. New orders increased $10 billion or 4.6 percent to $230.7 billion, rising for the fourth consecutive month according to figures released by the Department of Commerce. New orders have been up seven of the last eight months, with transportation equipment showing the largest increase, $8.1 billion or 11.9 percent to $75.9 billion.
Shipments have been up five of the last six months and increased 1.3 percent to $230.6 billion. Primary metals had the largest increase, up 4.2 percent to $30.7 billion.
Unfilled orders for manufactured goods increased 0.8 percent in December to $992 billion. Transportation equipment drove the increase in unfulfilled orders, up 1.6 percent to 588.8 billion.
Inventories fell for the first time in 14 months by $0.1 billion to $374.5 billion. Machinery led the increase with a drop of $0.4 billion to $66.1 billion.
Capital Goods in December for nondefense goods rose by 3.8 percent to $73.8 billion. Shipments increased 0.7 percent to $71.9 billion. Unfilled orders rose 0.3 percent to $585.7 billion. Inventories for nondefense capital goods decreased 0.3 percent to $173 billion.
Defense new orders for capital goods surged in December by 110.4 percent to $16.5 billion. Shipments rose 6.1 percent to $9.1 billion. Unfilled orders rose 4.6 percent to $171.5 billion. Inventories of defense capital goods fell 1.4 percent to $21.2 billion.
DOC reported revised seasonally adjusted figures for November for all manufacturing industries: new orders, $477.4 billion (revised from $477.6 billion); shipments, $484.3 billion (revised from $483.7 billion); unfilled orders, $983.9
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say. An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel […]
Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.
Commerce finds no Korean OCTG shipments below market value
US Department of Commerce (Commerce) review found no South Korean oil country tubular goods (OCTG) exporters or producers sold products below market value
Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.
SMU Community Chat: Zekelman calls for more support for steel consumers
“Unless the administration actually gets serious about levelling the playing field… for consumers of steel, then everything they've done on the steel side is useless."