Industrial production and housing starts fell recently. Add steel to the list of building products that are getting hard to find. Our domestic steel mills are running hot and prices continue to escalate.
https://t.co/8sMHsGJabh
The stock market and the economy in general continues to progress. Inflation is creeping in. Our steel mills are running hot and steel import volumes are growing. The US government is working on schemes to increase demand for electric cars.
https://t.co/BeimPkn3dJ
The steel industry remains hot and the production lost to the winter storm will prolong the shortages. Supply chain and consumer demand patterns are stressing logistics companies and freight rates of all types are getting more expensive.
https://t.co/i8BdsCsqzP
The GDP continues to grow, Durable Goods Orders jumped up, and residential home sales are gaining speed. Gasoline prices are going up along with the escalating price of oil. Steel making in the US is looking pretty good, and for now, imports remain weak.
https://t.co/erMt5sgKuE
The winter storm from last week disrupted a large part of the country and it negatively affected industrial production and the transportation of goods (like steel). Inflation in the producer sector is increasing. Industrial production continues to grow.
https://t.co/H5QzzMFhoD
The global shortage of microchips may last for most of this year. Demographics are changing and no one knows yet how things will settle, and it is causing chaos. A migration of workers between industries is occurring as well.
https://t.co/jEUPXH6SxV
Steelmakers are figuring out how to incorporate hydrogen into steel making to reduce emissions. Just as the auto industry was getting production back to acceptable levels, a shortage of computer chips are threatening output.
https://t.co/sJCuh3cr6V
Gasoline prices are edging up slightly. Steel mill output sagged a little this week.The battle for mobility and transport market share between hydrogen and Li-ion batteries continues to escalate.
https://t.co/IMgT90etFv
More signs of life in our economy. Railroads are moving more products and more houses are being built. Steel mills are making more product than they have in a long time. New vehicle inventories are being replenished.
https://t.co/imz9aYrJe6
Gas prices are rising. Steel mills are running full out. Raw material costs for steel making are spiking. The market is so hot that it is attracting import tonnage. Vehicle output is being limited until chip makers can catch up.
https://t.co/s2ZSzFpaJv
Our steel mills are booked solid and steel using manufacturers are screaming for more. Prices have spiked to record highs. Steel importing might become a larger part of total steel supply. 2020 was not kind to the automotive industry.
https://t.co/QWXr5orsck
Retail sales this holiday season ended up better than forecast. Domestic steel mill output remains above 72%. Global prices of some raw materials for steelmaking have spiked. Steel imports remain weak but, they are expected to increase.
https://t.co/r8xtD1LkZi
A surprising amount of people are moving out of large cities. A shortage of micro chips is effecting the production of everything from vehicles to cell phones. The auto industry remains in chaos.
https://t.co/4aoOL0UCaC
The Coronavirus is putting a damper on global commerce. No one knows for sure how long it will last. What has changed the most is how people are handling the situation.
https://t.co/OAjvzcovSH
The GM strike has sent over 10,000 workers home. Wages lost, steel not consumed, and indirect losses from support vendors like trucking companies will likely show up in various reports focused on the US economy until the strike ends.
https://t.co/jnjtIbHgf3
A Growing US Economy, Lower Automotive Output, Amazon Goes in Big With Rivian on Electric Vehicles, and More News To Your Advantage
https://t.co/apiFQPOQMK
Inflation at the consumer and producer level is almost nonexistent, gasoline Prices at the pumps continue to fall, freight Rates are moderating, and more news to your advantage.
https://t.co/r5tsF9YyPe