Market Data
September 30, 2022
Written by Alex Tuckett
By CRU Principal Economist Alex Tuckett, from CRU’s Global Economic Outlook
September has reminded us how risky the current global environment is. Stubbornly high inflation, rapidly tightening monetary policy, tight energy markets, and a surging dollar are taking their toll on growth. And the more bad news keeps materializing.
The latest tally of active drilling rigs increased in Canada while slightly easing in the US this week, according to oil and gas rig count data published by Baker Hughes.
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.