Tag: US GDP

The US Environmental Protection has announced more stringent air quality standards that could impact domestic steel producers.

To kick off the official sessions of the 2023 Steel Summit, Dr. Anirban Basu, chairman and CEO of the Sage Policy Group, focused on the broader context in which steel prices are set, outlining major factors currently shaping economic outcomes in our country.

The US economy’s growth was even better than expected in the third quarter, the US Commerce Department’s Bureau of Economic Analysis (BEA) said in its third and final review. Gross Domestic Production (GDP) accelerated to a 3.2% annualized pace in Q3. That’s an improvement from the previously estimated government reading in November, which showed 2.9% […]

The US economy’s growth was stronger than expected in the third quarter, the US Commerce Department’s Bureau of Economic Analysis (BEA) said in its latest report. Gross Domestic Production (GDP) accelerated to a 2.9% annualized pace in Q3. That’s an improvement from the initial government reading in October which showed 2.6% growth in economic activity. […]

The US economy posted its first period of growth for 2022 in the third quarter. Gross domestic production (GDP) accelerated to a 2.6% annualized pace for the period, temporarily stymying recession fears, according to the advanced estimate from the US Commerce Department’s Bureau of Economic Analysis (BEA). The latest GDP reading follows two consecutive negative […]

With September’s quarter close comes the wave of corporate analysts’ reports. Several were released this week, and all warn of challenging times ahead. Demand and prices are falling, as costs are rising, leaving the aluminum value chain scissored in the near term. As context for these results, CRU has refreshed June’s base economic forecast and […]

The US economy declined at a revised -0.6% in the second quarter of 2022, matching the most recent GDP estimate and confirming the economy shrank in the first six months of the year, according to the second estimate from the US Commerce Department’s Bureau of Economic Analysis (BEA). Gross domestic production (GDP) in Q2 contracted […]

The White House announced earlier this month, to no one’s surprise, that hundreds of companies and trade associations had expressed interest in continuing Section 301 tariffs on Chinese goods. These expressions related only to the tariffs on $34 billion and $16 billion in trade value, the so-called “List 1” and “List 2” tariffs. The Office […]

The US economy shrank at a revised -0.6% in the second quarter of 2022, declining for the second straight quarter. Gross domestic production in Q2 contracted at a more moderate pace than initially though, according to the second estimate from the US Commerce Department’s Bureau of Economic Analysis (BEA). The result was a slight improvement […]

The US economy contracted in the second quarter of 2022, declining for the second straight quarter. Some economists consider two consecutive quarters of negative GDP to be the definition of a recession. Gross domestic production in Q2 declined at -0.09% annualized pace, according to advanced estimate from the US Commerce Department’s Bureau of Economic Analysis […]

The US economy shrank in the first quarter of 2022 at a slightly worse rate than expected, with gross domestic production declining at a -1.6% annualized pace, according to the third and final estimate from the US Commerce Department’s Bureau of Economic Analysis (BEA). The third review for Q1 was a slight downward revision from […]

The US economy contracted in the first quarter of 2022 at a worse rate than expected with gross domestic production declining at a -1.5% annualized pace, according to the second estimate from the US Commerce Department’s Bureau of Economic Analysis (BEA). The second review for Q1 was a slight downward revision from its first estimate […]

The steel market has adapted to the shock of the war in Ukraine – and it’s become clearer with each passing week that a steeper price decline than we have seen to date might be in store. I wrote on Thursday that the headline data from our latest survey indicated the market had peaked. I […]

The US economy shrank in the first quarter of 2022 with gross domestic production declining at a 1.4% annualized pace. The drop was a sharp reversal from an annual growth rate of 6.9% from October through December, according to the US Commerce Department’s Bureau of Economic Analysis (BEA). The initial estimate for Q1 was the […]

The US economy closed out 2021 by expanding at an annual pace of 6.9% from October through December, a slight downgrade from previous estimates, according to the US Commerce Department’s Bureau of Economic Analysis (BEA). This agency’s third and final review showed the nation’s gross domestic product (GDP) up 5.7% in the fourth quarter, the […]

An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. This will explain the difference between our view of the present situation which is subjective and our analysis of trends which is based on the latest facts available. We now have three […]

An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. This will explain the difference between our view of the present situation which is subjective and our analysis of trends which is based on the latest facts available. We now have two […]

The headline report of GDP growth in Q1 came in at 0.7 percent a decline from 3.53 percent in the third quarter and 2.08 percent in Q4 2016. Economy.com had this to say about first quarter tendencies. “The first quarter can be full of surprises; during this expansion, first quarter GDP growth has come in […]

This report summarized seven data sources that describe the state of manufacturing in the US. We have reported on most of these separately in our Steel Market Update publications therefore will be brief in this summary. We don’t expect these data sources to all point in the same direction but our intention in summarizing them […]

The headline report of GDP growth in Q4 came in at an upwardly revised 2.06 percent which was a decline from 3.53 percent in the third quarter. GDP is measured and reported in chained 2009 dollars and in the third estimate of Q4 was $16.813 trillion. GDP is defined as Consumption (C) plus Investment (I) […]

This report summarized seven data sources that describe the state of manufacturing in the US. We have reported on most of these separately in our Steel Market Update publications therefore will be brief in this summary. We don’t expect these data sources to all point in the same direction but our intention in summarizing them […]

The headline report of GDP growth in Q4 came in at 1.88 percent a decline from 3.53 percent in the third quarter. GDP is measured and reported in chained 2009 dollars and in the first estimate of Q4 was $16.805 trillion. The growth calculation is misleading because it takes the quarter over quarter change and […]

For the first time this month we will summarize six data sources that describe the state of manufacturing in the US. We have reported on most of these six sources separately in our Steel Market Update publications therefore will be brief in this summary. We don’t expect these data sources to all point in the […]

The World Steel Association (WSA) released their provisional October update of global steel production on Friday with the proviso that several countries were late in reporting. When this happens they plug in the missing numbers and, based on our review of past assumptions, we believe their preliminary report is credible. We are, therefore, going ahead […]

The Bureau of Economic Analysis (BEA) released the third estimate of Q4 2015 Annual Revision of the National Income and Product Accounts on Friday. The annualized growth rate in the third estimate of the fourth quarter was 1.38 percent, down from 1.97 percent, in the third quarter and down from 3.86 percent in Q2. Normally […]

The Chicago Business Barometer rose 0.6 points in January to 59.4 from a revised reading of 58.8 in December. The increased manufacturing activity follows two consecutive months of declines. The index showed a modest increase in a new orders, order backlogs and production, driving employment to a 14-month high. Inflationary pressures eased for the fourth […]

As you may have noticed, we have been writing a series of articles highlighting the benefits of our Premium membership. Through the end of July, our Executive members will have access to our Premium content. If you have not yet explored our Premium content, such as SMU’s survey data or imports by product/port/country, I would […]

The Bureau of Economic Analysis (BEA) estimate of US GDP growth was a shocker at negative 2.9 percent, this came after the first estimate which was positive 0.1 percent and the second estimate at negative 1.0 percent. This raises the question of whether early estimates are worth considering. The first estimate for the second quarter […]

If we start with the premise that the consumer is almost 70 percent of GDP and that steel consumption is closely correlated with GDP, then consumer behavior and in particular debt is very relevant to our future businesses. Consumer spending is driven by income and both the perception of current debt and willingness to take […]