Market Data
September 15, 2015
Written by Brett Linton
The September 2015 Empire State Manufacturing Index declined for the second consecutive month, indicating a slowing in business activity for New York manufacturers.
The general business conditions index declined from -14.9 to -14.7. Prior to August,the index has been hovering around the zero point for four months indicating that business activity has been subdued.
Nucor's consumer spot price for hot-rolled increased by $10/st w/w on Monday, Oct. 5 to $1,230 per short ton.
The latest tally of active drilling rigs increased in Canada while slightly easing in the US this week, according to oil and gas rig count data published by Baker Hughes.
SMU’s Current Steel Buyers’ Sentiment Index fell this week, while Future Sentiment remained flat, according to our latest market survey.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
The Chicago Business Barometer rebounded in September, returning to expansion after slipping into contraction in August.