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Wall Street History
https://www.gofundme.com/s3h2w8
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05/10/2002
Steel Production...an update
From time to time, some of you write me and say, “Hey, editor,
we know you follow steel production, what are the figures telling
us these days?”
Well, I don’t know if they tell us anything right now, but I had to
spend the time looking at the trends since we have all been told
that the economic recovery is for real. Glancing at the figures, I
have my doubts.
True, steel is but one indicator, albeit a good one in gauging the
health of the manufacturing sector (shipping and rail freight
traffic are a few of the other good ones), though admittedly the
service sector carries more of an impact these days. Nonetheless,
it can be a useful gauge and worth looking at from time to time.
So what I’ve done here is lay out a few periods of time and
added the S&P 500 for your information. Following are some
guidelines.
--The # represents “thousand tons” produced in a week. The
actual # is not as important as the trend. For example, the figure
for 2/1/02 is exactly the same as 3/23/90, when I started jotting
these figures down on scrap paper. [*Sorry, the data is not on
disc, but I’d be happy to supply you with a few individual figures
for a given point in time.]
--You may see a ‘dupe’ or two, which isn’t a typo, just a
reflection of the way Barron’s may have updated or revised the
numbers.
--One or two of the S&P 500 figures does not match up exactly
with the data due to holidays.
**I apologize that the numbers may be a little crooked depending
on your browser.
I’ll return to more normal stories next week.
2002..Steel..S&P 500
2/1 1873 1122
2/8 1917 1096
2/15..1902 1104
2/22..1874 1089
3/1 1894 1131
3/8 1881 1164
3/15..1866 1166
3/22..1927 1148
3/29..1989 1147
4/5 1885 1122
4/12..1908 1111
4/19..1916 1125
4/26..1874 1076
5/3 1887 1073
2001
2/2 1849 1349
2/9 1852 1314
2/16..1894 1301
2/23..1899 1245
3/2 1953 1234
3/9 1989 1233
3/16..2009 1150
3/23..2011 1139
3/30..2040 1160
4/6 1968 1128
4/13..1919 1183
4/20..1926 1242
4/27..1871 1253
5/4 1973 1266
2000
2/4 2197 1424
2/11..2194 1387
2/18..2272 1346
2/25..2317 1333
3/3 2299 1409
3/10..2284 1395
3/17..2270 1464
3/24..2290 1527* [All-time high for S&P]
3/31..2329 1498
4/7 2379 1516
4/14..2337 1356
4/21..2320 1434
4/28..2320 1452
5/5 2282 1432
1999
2/5 2002 1239
2/12..1959 1230
2/19..1930 1239
2/26..1973 1238
3/5 2024 1275
3/12..2044 1294
3/19..1943 1299
3/26..1992 1282
4/2 1972 1293
4/9 2051 1348
4/16..1960 1319
4/23..1875 1356
4/30..1961 1335
5/7 1956 1345
And then I thought I’d explore the fourth quarter data (my definition of such).
2001..Steel..S&P 500
10/5 1748 1071
10/12..1742 1091
10/19..1707 1073
10/26..1666 1104
11/2 1537 1087
11/9 1625 1120
11/16..1668 1138
11/23..1573 1150
11/30..1576 1139
12/7 1538 1158
12/14..1501 1123
12/21..1370 1144 production obviously shot up from here.
2000
10/6 2129 1408
10/13..2027 1374
10/20..2042 1396
10/27..1974 1379
11/3 1942 1426
11/10..1972 1365
11/17..1983 1362
11/24,,1868 1341
12/1 1874 1315
12/8 1874 1369
12/15..1903 1312
12/22..1759 1305
1999
10/8 2065 1336
10/15..2024 1247
10/22..2101 1301
10/29..2090 1366
11/5 2111 1370
11/12..2064 1396
11/19..2172 1472
11/26..2128 1416
12/3 2206 1433
12/10..2089 1417
12/17..2101 1421
12/24..2168 1458
1998
10/9 1969 984
10/16..1893 1056
10/23..2011 1070
10/30..1986 1098
11/6 1920 1141
11/13..1841 1125
11/20..1864 1163
11/27..1892 1192
12/4 1736 1176
12/11..1747 1166
12/18..1881 1188
12/25..1924 1226
Brian Trumbore
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