#MetalMarketUpdate – February ’21 Newsletter
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…
Newsletters – our monthly #MetalMarketUpdate
Category: Newsletters – our monthly #MetalMarketUpdate
#MetalMarketUpdate – January ’21 Newsletter
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
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…
#MetalMarketUpdate – November ’20 Newsletter
Registering a 59.3 reading, the October ISM Manufacturing Index (PMI) rose from September’s 55.4. The new orders sub-category reached the highest level in nearly 17 years, providing support for the overall…
Section 232 (Tariffs on Imported Steel and Aluminum) and Section 301 (Tariffs on Chinese Final Products)
Effective June 1st 2018 – the Trump administration imposed 25% steel and 10% aluminum tariffs (section 232) on all countries including the European Union, Canada and Mexico. The month of August…
#MetalMarketUpdate – October ’20 Newsletter
The ISM Manufacturing Index (PMI) slipped ever so slightly in September, registering a 55.4 versus the 56 recorded in August. With a reading above 50, this marks the fourth consecutive month…
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