Market Data
March 9, 2023
Written by Michael Cowden
The Biden administration has announced a plan to provide approximately $6 billion to speed up the decarbonization of US industry.
The program, administered by the US Department of Energy, will target carbon emissions associated with the production of iron and steel, aluminum, cement, and concrete.
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.