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August 2020

Oil and Gas Rotary Rig Counts:  The total number of operating rigs in the U.S. the week of July 31th was 180 oil and 69 gas (totaling 249). In percentage terms, on a month on month, (m/m) basis, oil rigs were down 2.7% and gas down 9.2%.
U.S. Steel Capacity Utilization: The total tonnage for the week ending July 25th was 1,320 million net tons, at a capacity utilization rate of 58.9%. The year to date tonnage output is 45,810 million net tons, at an average capacity utilization rate of 57.8%. In 2019, the same output total was 56,946 million net tons, at an average capacity utilization of 81.4%.

July 2020

U.S. Capacity Utilization scored a 64.2% in April, down 12.7% month on month, (m/m); Mexico Capacity Utilization scored a 44.7% in April, down 44.3% month on month; Canada Capacity Utilization scored a 79.8% in April, down 2.0% quarter on quarter (Q/Q).
Advanced Durable Goods Orders: The U.S. Census Bureau reported that new orders for durable goods orders increased by 14.9% month on month (m/m) in June, following the 4.2% increase in May. The always-volatile nondefense aircraft orders, down 462.3% y/y influenced this trend significantly.
U.S. Steel Capacity Utilization: The total tonnage for the week ending June 27th was 1,240 million net tons, at a capacity utilization rate of 55.4%. The year to date tonnage output is 40,627 million net tons, at an average capacity utilization rate of 68.1%. In 2019, the same output total was 49,476 million net tons, at an average capacity utilization of 81.6%.
Oil & Gas Rotary Rig Counts: The total number of operating rigs in the U.S. the week as of June 26th was 188 oil and 75 gas (totaling 263). In percentage terms, on a month on month, (m/m) basis, oil rigs were down 15.3% and gas down 2.6%. On a year on year, (y/y) comparison, rigs were down 76.3% for oil and down 56.6% for gas. The combined figure for YoY was -72.6% or -702 rigs.

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