Market Data
January 27, 2021
Written by Brett Linton
U.S. industrial production, manufacturing and durable goods orders through December continued to show improvement from the coronavirus pandemic downturn. The health of the manufacturing economy has a direct bearing on the health of the steel industry.
The Industrial Production Index
SMU’s Current Steel Buyers’ Sentiment Index fell this week, while Future Sentiment remained flat, according to our latest market survey.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
The Chicago Business Barometer rebounded in September, returning to expansion after slipping into contraction in August.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.
The latest Manufacturing PMI Report from the Institute for Supply Management (ISM) shows the US manufacturing sector experienced growth in September, albeit at a slightly lower pace than in the month before.