Market Data
June 18, 2024
Written by Brett Linton
New York state manufacturers reported dismal business conditions in June. This marks the seventh consecutive month of negative readings, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.
The survey’s General Business Conditions Index improved by 9.6 points from May but remained negative at -6.0.
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.