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Penn Stainless Post – May2022

 

Manufacturing PMI® at 55.4%

April 2022 Manufacturing
ISM® Report On Business®

Source: Institute for Supply Management®

New orders, production and employment growing at slower rates; supplier deliveries slowing at a faster rate; backlog growing slower; raw materials inventories growing at a slower rate; customers’ inventories too low; prices increasing slower; exports and imports growing at slower rates; record-long lead times for capex and production materials.

View the full April ISM® Report On Business® here.

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March 4, 2022 – May 2, 2022

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NICKEL SURCHARGES, May 1-31 (flat-rolled)

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INDUSTRY NEWS

Raw Steels MMI: US steel prices invert, continue to climb
(April 12, 2022)  Source: www.agmetalminer.com

Reports: Some Ukrainian BFs Coming Back On-Lines

(April 13, 2022)  Source: www.aist.org

Stainless MMI: Nickel Prices Trade Down But Remain Elevated Amid Lower LME Volumes
(April 13, 2022)  Source: www.agmetalminer.com

EU’s Russian Coal Ban Set to Impact Metal Prices
(April 14, 2022)  Source: www.agmetalminer.com

White House Issues Guidance Requiring U.S.-Made Steel for Infrastructure Act Projects

(April 18, 2022)  Source: www.aist.org

American Steel Industry Celebrates Biden Administration’s “Buy America” Guidance

(April 19, 2022)  Source: www.aist.org

US HRC: Market quiet, prices flat
(April 19, 2022)  Source: www.argusmedia.com/en/news

The Big Picture Report on U.S. Manufacturing Business Conditions (April 2022)
(April 19, 2022)  Source: www.industrynet.com/blog

Two Ukraine Steel Mills Set to Restart Production
(April 21, 2022)  Source: www.agmetalminer.com

U.S. Manufacturers Brace for Supply Chain Fallout from China Lockdowns
(April 26, 2022)  Source: www.industrynet.com/blog

US economy unexpectedly contracted in 1Q
(April 28, 2022)  Source: www.argusmedia.com/en/news

Class 1 Ni Shortfall Complicates Nickel Supply Chain
(April 29, 2022)  Source: www.argusmedia.com/en/news

US Manufacturing Growth Slows to 21-Month Low: ISM
(May 2, 2022)  Source: www.argusmedia.com/en/news

Manufacturing Expansion Decelerates as Multiple Challenges Hit Sector
(May 2, 2022)  Source: www.industrynet.com/blog

The Future of Steel Supply: The Facts Thus Far​
(
May 2, 2022)  Source: www.agmetalminer.com

Stainless Steel – MetalMiner Prices
(Daily)  
Source: www.agmetalminer.com

Nickel News Brief
(Daily)  
Source: www.estainlesssteel.com

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Penn Stainless Products
190 Kelly Road – Quakertown, PA 18951
102 McQuiston Drive – Jackson Center, PA 16133
Toll Free: 1-800-222-6144 – Phone: 215-536-3053
www.pennstainless.com