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Penn Stainless Post – September 2022

 

Manufacturing PMI® at 52.8%

August 2022 Manufacturing
ISM® Report On Business®

Source: Institute for Supply Management®

New orders and employment expanding; 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 contracting; imports growing.

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

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July 11, 2022 – September 7, 2022

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NICKEL SURCHARGES, September 1-30 (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

Stainless MMI: Nickel Prices Hit Bottom by Mid-July

(August 12, 2022)  Source: www.agmetalminer.com

The Big Picture Report on U.S. Manufacturing Business Conditions (August 2022)

(August 17, 2022)  Source: www.industrynet.com/blog

U.S. Manufacturing Activity Holds Steady in August as Sector Nears Supply/Demand Equilibrium​
(Septmber 5
, 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