Tag Archives: raw material costs
According to Statistics Canada, the Industrial Product Price Index (IPPI) declined 0.3 percent in September, while the Raw Materials Price Index (RMPI) rose 3.0 percent in September. In September, the IPPI declined 0.3 percent for the second consecutive month. Among the 21 major commodity groups, 15 were up, 4 were down and 2 were unchanged. […]
According to the American Iron and Steel Institute, in the week ending June 13, 2015, US domestic raw steel production was 1,747,000 net tons while the capability utilization rate was 73.9 percent. Production was 1,889,000 net tons in the week ending June 13, 2014 while the capability utilization then was 78.5 percent. The current week […]
Speaking today, March 23, at the SteelOrbis 2015 Spring Conference & 72nd IREPAS Meeting being held in Paris, Eric Louvert from BNP Paribas said that in 2014 apparent demand in China decreased for the first time, while the rest of the world indicated growth. With China’s crude steel output rising by one percent and its […]
Scrap numbers were posted this week for December. No change from November was observed in shredded scrap for the Chicago index. Most other regional markets showed the same trend while a few reported slight increases from November to the tune of $5-$10/ton. This is not surprising as collections of scrap become difficult in the winter […]
ecent events must have reinforced your doomsday scenario, Mr. Gloom. First we had (and still have) turmoil in the Middle East, which caused crude oil prices to skyrocket yet again and slowly approach 2008 levels. The massive earthquake/tsunami in Japan has put the world’s third largest economy on ice for the time being.