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Penn Stainless Post – March 2022

 

Manufacturing PMI® at 58.6%

February 2022 Manufacturing
ISM® Report On Business®

Source: Institute for Supply Management®

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

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

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January 3, 2022 – March 2, 2022

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

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INDUSTRY NEWS

EU Brings Sanctions Against Russia Magnates; Impact on Steel Prices Remains to be Seen

(March 1, 2022)  Source: www.agmetalminer.com

The Potential Impact of the Ukraine Crisis on U.S. Manufacturing
(March 1, 2022)  
Source: www.industrynet.com/blog

The MetalMiner Take on Initial Sanctions Imposed by the West on Russia
(
February 28, 2022)  Source: www.agmetalminer.com

Ukraine Shuts Down Two Steel Plants
(
February 27, 2022)  Source: www.agmetalminer.com

Nickel Prices Jump on Russia Moves While LME Stock Levels Continue to Fall
(
February 26, 2022)  Source: www.agmetalminer.com

Russia Sends in the Troop, Impacting Metals Markets
(
February 25, 2022)  Source: www.agmetalminer.com

Metal Inventory Levels Dwindle and That Could Hit Metal Prices
(
February 22, 2022)  Source: www.agmetalminer.com

The Big Picture Report on U.S. Manufacturing Business Conditions (Feb 2022)
(February 21, 2022)  
Source: www.industrynet.com/blog

Construction MMI: Sector Remains Strong
(
February 14, 2022)  Source: www.agmetalminer.com

Bases Metals Prices With Short Term Volatility Followed By Medium Term Falls
(
February 10, 2022)  Source: www.agmetalminer.com

Stainless MMI: Nickel Surged to 11-Year High
(
February 10, 2022)  Source: www.agmetalminer.com

Raw Steels MMI: Prices Slide While Capacity Grows
(
February 9, 2022)  Source: www.agmetalminer.com

U.S. Reaches Deal on Steel Tariffs with Japan
(February 9, 2022)  
Source: www.industrynet.com/blog

U.S. Reaches Deal With Japan to Cut Steel Tariffs
(February 8, 2022)  
Source: www.aist.org

To Win Gold, Winter Olympians Turn to Steel
(February 4, 2022)  
Source: www.aist.org

The Oldest Steel Companies in the United States
(February 2, 2022)  
Source: www.industrynet.com/blog

U.S. Manufacturing Activity Expands at a Slower Rate in January
(February 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