Industrial Insight

This Week’s Indicators | October 14, 2020

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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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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