Market Data
June 16, 2023
Written by Laura Miller
Decarbonization in the steel industry is fueling growth in orders for the SMS group.
The Düsseldorf, Germany-based metals technology and equipment provider reported a year-on-year (YoY) improvement in its 2022 results, with sales, order intake, order backlog, and earnings before taxes all rising significantly.
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.