Home / News / Penn Stainless Post – April 2022

Penn Stainless Post – April 2022

 

Manufacturing PMI® at 57.1%

March 2022 Manufacturing
ISM® Report On Business®

Source: Institute for Supply Management®

New orders, production and employment growing; supplier deliveries slowing at a slower rate; backlog growing; raw materials inventories growing; customers’ inventories too low; prices increasing; exports and imports growing.

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

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February 1, 2022 – April 5, 2022

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NICKEL SURCHARGES, APRIL 1-30 (flat-rolled)

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INDUSTRY NEWS

Reports: Steel Producers in Ukraine Halt Operations

(March 3, 2022)  Source: www.aist.org

Optimism Amongst U.S. Manufacturing Climbs as Sector Posts 21st Straight Month of Growth
(March 3, 2022)  
Source: www.industrynet.com/blog

Automotive MMI: Palladium Prices, Nickel Prices Surge As Sanctions Hit Russia
(
March 8, 2022)  Source: www.agmetalminer.com

LME Suspends Nickel Trading Due To Short Squeeze
(
March 8, 2022)  Source: www.agmetalminer.com

Russian-Ukraine Conflicct Sharply Lifts FETi Prices
(March 8, 2022)  
Source: www.argusmedia.com/en/news

Stainless MMI: Trading Halted Following Nickel Price Spike
(
March 9, 2022)  Source: www.agmetalminer.com

U.S. Commerce Department Sets Preliminary Duties on Russian OCTG Imports
(March 15, 2022)  
Source: www.aist.org

U.K. Government Hits Russian Steel Imports With 35% Tariff
(March 16, 2022)  
Source: www.aist.org

The LME Nickel Price Debacle Continues
(
March 18, 2022)  Source: www.agmetalminer.com

The Latest on Business Conditions for U.S. Manufacturers (March 2022)
(March 21, 2022)  
Source: www.industrynet.com/blog

U.S.-U.K. Trade Dispute Come To An End
(March 23, 2022)  
Source: www.aist.org

LME Nickel Hits The Buffers Again
(
March 25, 2022)  Source: www.agmetalminer.com

US HRC: Prices Rise Slower As Mills Pause
(March 29, 2022)  
Source: www.argusmedia.com/en/news

US Adds 431,000 Jobs in March, Jobless Rate Falls
(April 1, 2022)  
Source: www.argusmedia.com/en/news

Ukraine Uncertainty, Surging Prices Impact U.S. Manufacturing Activity Index
(April 4, 2022)  
Source: www.industrynet.com/blog

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