Stocks and News
Home | Week in Review Process | Terms of Use | About UsContact Us
   Articles Go Fund Me All-Species List Hot Spots Go Fund Me
Week in Review   |  Bar Chat    |  Hot Spots    |   Dr. Bortrum    |   Wall St. History
Stock and News: Hot Spots
  Search Our Archives: 
 

 

Wall Street History

http://www.gofundme.com/s3h2w8

AddThis Feed Button

   

04/17/2015

Steel Production

Years ago...like 20, if you can believe that...I once asked legendary bond king Bill Gross, then at PIMCO, if he could use but one economic indicator as a predictor of future activity what would it be? Steel production, he offered, which I got a kick out of because I have tracked U.S. steel production since 1990, as listed weekly in Barron’s.

I imagine Mr. Gross would give an entirely different answer today, though I’m not sure what he’d select. That said it’s been a long time since I looked at steel myself and so I present the following which is a bit disturbing. The recent trend has not been good. Granted, this doesn’t take into consideration the amount of steel imported, but as a broad-based measure of economic activity it can’t be ignored.

So following are 10-week periods from 2012-2015. Figures are in ooo’s tons.

2/6/15 – 4/10/15

1782
1769
1760
1716
1657
1645
1623
1639
1628
1600

2/7/14 – 4/11/14

1804
1839
1845
1831
1861
1840
1828
1885
1820
1812

2/8/13 – 4/12/13

1801
1822
1814
1843
1857
1828
1785
1809
1819
1858

2/3/12 – 4/6/12

1897
1907
1929
1942
1930
1947
1959
1913
1947
1900

[Source: Barron’s, StocksandNews.com database]

2015 sure looks ugly, sports fans. We’ll see if this is a meaningful indicator with the release of GDP figures for the first and second quarters.

Wall Street History returns in two weeks.

Brian Trumbore



AddThis Feed Button

 

-04/17/2015-      
Web Epoch NJ Web Design  |  (c) Copyright 2016 StocksandNews.com, LLC.

Wall Street History

04/17/2015

Steel Production

Years ago...like 20, if you can believe that...I once asked legendary bond king Bill Gross, then at PIMCO, if he could use but one economic indicator as a predictor of future activity what would it be? Steel production, he offered, which I got a kick out of because I have tracked U.S. steel production since 1990, as listed weekly in Barron’s.

I imagine Mr. Gross would give an entirely different answer today, though I’m not sure what he’d select. That said it’s been a long time since I looked at steel myself and so I present the following which is a bit disturbing. The recent trend has not been good. Granted, this doesn’t take into consideration the amount of steel imported, but as a broad-based measure of economic activity it can’t be ignored.

So following are 10-week periods from 2012-2015. Figures are in ooo’s tons.

2/6/15 – 4/10/15

1782
1769
1760
1716
1657
1645
1623
1639
1628
1600

2/7/14 – 4/11/14

1804
1839
1845
1831
1861
1840
1828
1885
1820
1812

2/8/13 – 4/12/13

1801
1822
1814
1843
1857
1828
1785
1809
1819
1858

2/3/12 – 4/6/12

1897
1907
1929
1942
1930
1947
1959
1913
1947
1900

[Source: Barron’s, StocksandNews.com database]

2015 sure looks ugly, sports fans. We’ll see if this is a meaningful indicator with the release of GDP figures for the first and second quarters.

Wall Street History returns in two weeks.

Brian Trumbore