Market Data
May 6, 2022
Written by Alex Tuckett
By CRU Principal Economist Alex Tuckett, from CRU’s Global Economic Outlook
Each of the three largest economies now face a serious risk that could push them into recession:
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.