Home / News / Penn Stainless Post – August 2022

Penn Stainless Post – August 2022

 

Manufacturing PMI® at 52.8%

July 2022 Manufacturing
ISM® Report On Business®

Source: Institute for Supply Management®

New orders and employment contracting; production and backlogs growing; supplier deliveries slowing at a slower rate; raw materials inventories growing; customers’ inventories too low; prices increasing at a slower rate; exports and imports growing; record-long lead times for production materials and MRO supplies.

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

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June 6, 2022 – August 3, 2022

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

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EXCESS INVENTORY

As we continue to refine our inventory, we are offering additional stainless steel materials at discounted prices. Some of the items available include: round bar, square bar, hex bar, structural tube, flat bar, seamless and welded pipe, seamless and welded tube and flat rolled products. Please click on the link for a complete listing: Penn Stainless Discounted Inventory

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INDUSTRY NEWS

China Sees Falling Steel Demand, Rising Inventories

(July 7, 2022)  Source: www.aist.org

Outokumpu Divests Majority of Long Products Segment to Marcegaglia

(July 13, 2022)  Source: www.aist.org

The Big Picture Report on U.S. Manufacturing Conditions (July 2022)
(July 18, 2022)  Source: www.industrynet.com/blog

Appliance, Auto Demand Slows: US Steel
(July 28, 2022)  Source: www.argusmedia.com/en/news

US Economy Contracts for 2nd Consecutive Quarter
(July 28, 2022)  Source: www.argusmedia.com/en/news

U.S. Manufacturing Activity Loses Steam in July; Prices Fall to 2-Year Low
(August 1, 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