This Week’s Indicators

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.

This Week’s Indicators

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.

As Lockdowns Ease Global Trade & Production Begin to Recover

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.

This Week’s Indicators

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.

This Week’s Indicators

Steel prices have risen sharply. Copper prices up, oil prices flat.