Newsletters - our monthly #MetalMarketUpdate Archives - Ward Vessel and ExchangerWard Vessel and Exchanger

#MetalMarketUpdate – May ’21 Newsletter

Posted on May 5, 2021

Declining slightly from March’s 64.7 reading, the April ISM Manufacturing Index (PMI) maintained a healthy 60.7 mark, still indicating solid expansion since the sharp contraction in April of 2020. Of concern, however, is the chorus…

#MetalMarketUpdate – April ’21 Newsletter

Posted on April 6, 2021

The March ISM Manufacturing Index (PMI) jumped to a 64.7 reading, the highest level since December of 1983. Besting February’s 60.8 mark, March’s report indicated that 17 of the 18 industries…

#MetalMarketUpdate – March ’21 Newsletter

Posted on March 2, 2021

Improving off of January’s 58.7 level, February’s ISM Manufacturing Index (PMI) registered a 60.8 reading – marking the ninth consecutive month of manufacturing sector expansion. New orders, production, and employment measures…

#MetalMarketUpdate – February ’21 Newsletter

Posted on February 8, 2021

Starting the New Year off strong, January’s ISM Manufacturing Index (PMI) registered a 58.7 mark, just under December’s 60.5. As a reminder, a reading in excess of 55 is considered exceptional. Of…

#MetalMarketUpdate – January ’21 Newsletter

Posted on January 11, 2021

The ISM Manufacturing Index (PMI) increased to 60.7 in December, a measured increase from November’s 57.5 reading and extending the overall expansion in the economy to the 8th consecutive month. This was the fastest pace of…

#MetalMarketUpdate – December ’20 Newsletter

Posted on December 7, 2020

Activity in the manufacturing sector continued to grow in November, as evidenced by the ISM Manufacturing Index (PMI) coming in at a 57.5 reading (slightly down from October’s 59.3). Labor market difficulties continue to be…

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