#METALMARKETUPDATE – OCTOBER ’22
September’s ISM Manufacturing (PMI) fell to a 50.9 reading from the 52.8 registered in August. While the manufacturing sector continues to expand, activity is at its lowest since the pandemic recovery…
Category: Newsletters – our monthly #MetalMarketUpdate
#METALMARKETUPDATE – September ’22
The ISM Manufacturing Index (PMI) stayed steady in August, coming in at 52.8, the exact same as July. This marks the 27th consecutive month of growth. Of note this month are comments that…
#METALMARKETUPDATE – August ’22
The ISM Manufacturing Index (PMI) decreased slightly in July, down to 52.8 from June’s 53 mark. The new order rate contracted, supplier deliveries showed improvement, and prices began to ease. The pricing…
#METALMARKETUPDATE – July ’22
The June ISM Manufacturing Index (PMI) decreased 3 percentage points, posting a 53 mark compared to May’s 56.1. This is the lowest reading since June 2020. Survey respondents noted that supply chain…
#METALMARKETUPDATE – June ’22
May’s ISM Manufacturing Index (PMI) increased marginally to 56.1 from April’s 55.4 mark. May’s data indicates the 24th consecutive month of economic expansion. Survey respondents continue to mention supply chain and pricing…
#METALMARKETUPDATE – May ’22
Declining for the second consecutive month, April’s ISM Manufacturing Index (PMI) slid to a 55.4 mark from the 57.1 registered in March. Headwinds presented by persistent labor shortages, instability in energy…
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