Steel production rebounded slightly last week but remains bound showing some slow growth compared to last year. The actual production remains flat. Steel production suggests steady demand without additional movement down in demand for steel castings with the possibility of slight growth.
Steel production dropped slightly from the prior couple months but remains relatively stable. No significant growth in production is evident in this indicator for about 6 months.
For the prior week, steel production increased slightly and was up from the prior year. Production still seems to fall in a range not indicating either slow growth or decline.
The Rest of the Story
When energy issues are considered the entire picture must be evaluated. If a person is asked how much energy your cell phone uses, the answer will undoubtedly be “very little”. It is so small and has a state of the art battery that can power it for probably two days. The charger only puts out a low voltage and the cord is so thin that it cannot carry any real current. It has got to be one of the star energy saving devices ever conceived?
But a CNBC business FYI report presented some additional thoughts. What about the power used by the cell towers spanning this country? What about the computer processing centers which handle all those calls and route your internet Facebook feeds. The fact is, from a usage basis your cell phone uses more electricity than a medium sized refrigerator. And if you are really giving thought to this evaluation you need to consider the full life cycle energy consumption. No comparison was made if the energy consumed to manufacture and then to dispose of the phone, build and replace communication towers, etc. is added to the baseline.
Watch out, Al Gore may want to take our cell phones away.
Steel production for last week fell slightly from the prior week and remains in a narrow band. It has recovered 5 to 10 percent from the low in late 2012 but continues to remain below the higher production of early 2012.