Manufacturing Output Declined The 2.0 percent drop in utilities output was broadly expected and the 0.8 percent drop in mining should also come as little surprise in the context of the steep decline in energy prices. What is more disappointing, in our view, is that manufacturing output declined, this component, which comprises roughly three quarters [...]
US Raw Steel Production Rose 10.7% Last Week US raw steel production rose 10.7 percent last week as mills operated at an ACUR of 66.7 percent. In the corresponding week last year, mills operated at an ACUR of 76.4 percent. Thus far this year mills have produced approx. 3,000,000 tons at an ACUR of 63.4 [...]
Republic Steel to Idle Ohio Rolling Mill Operations Republic Steel has announced it will idle its Lorain, Ohio rolling mill operations, citing weak demand. Plans call for the remaining 200 employees to be laid off by the end of the first quarter in staggered moves. AMM A bearish tone has prevailed in annual special bar [...]