Industrial Insight

Steel prices and production have declined…

December 1, 2020
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Steel prices and production have declined from the peak of the past few weeks and with a second uptick in COVID and the normal drop due to the holidays, may remain flat or down. In contrast, copper and oil prices broke from their range up with price increases. The ratio of steel casting activity, an estimate from other factors like these dropped but remains well above one signifying improved conditions compared to a year ago.


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This Week’s Indicators

November 18, 2020
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Steel production and prices continue to recover indicating improved market conditions for steel castings. Copper prices are up as well. Oil prices remain in a trading range. The new steel casting shipments ratio shows improved market conditions being well above one.


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CAFE – European Foundry Industry Sentiment, October 2020

November 18, 2020
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Foundry-Planet.com shares FISI and BCI to present “…the earliest available composite indicator providing information on the European foundry industry performance." Read the article HERE.


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This Week’s Indicators: Demand Increasing

November 11, 2020
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Steel production and pricing continues to increase. Oil and copper prices are still in a trading range. Our steel casting ratio estimating current market conditions above 1 indicates increasing demand.

Current Market Data Nov 10.xlsx


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This Week’s Indicators

November 3, 2020
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Steel prices and production increased this last week. Oil and copper prices dropped still in the trading range. The steel casting ratio based on factors correlated with steel casting shipments reported to SFSA was above 1 suggesting production improving back to last year’s levels


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This Week’s Indicators

October 27, 2020
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Steel mill production and prices continue to rise. Copper prices are increasing and the WTI price declined and both are still in what looks like a trading range. The new steel casting estimated ratio shows the expectation that demand should be close to the levels of onwe year ago, showing that the macroeconomic indicators for steel castings suggest improving markets.


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This Week’s Indicators

October 20, 2020
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Steel production and prices are both up last week. Copper and WTI prices remain in a range, copper higher than a year ago and, oil is lower but above $40 a barrel. The ratio estimate of steel casting shipments at one meaning production should recover to the levels of a year ago.


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As Lockdowns Ease Global Trade & Production Begin to Recover

October 15, 2020
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In their Weekly Market Report Oct. 15th, 2020, the Institute of Scrap Recycling Industries, Inc (ISRI) summarizes projections released by the International Monetary Fund. (source: IMF World Economic Outlook, October 2020) You can stay informed by subscribing to their News Letter HERE.


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This Week’s Indicators

October 14, 2020
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Production and prices of steel continue to rise indicating improvements to be expected in steel casting demand. Copper and oil prices remain in a flat range with copper above a year ago and oil still lower than recent pricing. The new graph on the steel casting ratio is the estimated ratio of business compared to a year ago based on weekly factors correlated with the monthly activity reported to SFSA for steel casting shipments.


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This Week’s Indicators

October 6, 2020
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Steel prices have risen sharply. Copper prices up, oil prices flat.


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About author

Raymond Monroe is the Executive Vice President for the steel industry trade Association, Steel Founders’ Society of America. He enjoys his crazy family including his wife, five children and their spouses, and many fun and lively grandchildren. Raymond brings more than 40 years in the industry here to share his ‘Industrial Insight’ and other current topics affecting the economic picture of our world today.

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