Market Data
April 30, 2021
Written by CRU Americas
By CRU Research Manager Charlie Durant and Peter Ghilchik, CRU Head of Multi-Commodity Analysis
2021 is shaping up to be a year of economic recovery. CRU is forecasting the fastest annual growth in the world economy for 40 years, underpinned by successful vaccination programs and supportive fiscal and monetary policy.
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.
Domestic raw steel output recovered after seeing significant swings in the prior two weeks, according to the latest AISI figures.
The latest tally of active drilling rigs increased in both the US and Canada this week, according to oil and gas rig count data published by Baker Hughes.