Market Update





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November 2020

U.S. Steel Capacity Utilization: The total tonnage for the week ending October 31st was 1,557 million net tons, at a capacity utilization rate of 70.4%. The year to date tonnage output is 66,097 million net tons, at an average capacity utilization rate of 66.2%. In 2019, the same output total was 80,906 million net tons, at an average capacity utilization of 80.8%.
Oil and Gas Rotary Rig Counts (US):  The total number of operating rigs in the U.S. the week as of October 30th was 221 oil and 71 gas (totaling 296). In percentage terms, on a month on month, (m/m) basis, oil rigs were up 16.9% and gas down 1.7%.
Oil and Gas Rotary Rig Counts (Canada):  The total number of operating rigs in Canada the week as of October 30th was 40 oil and 46 gas (totaling 86). In percentage terms, on a month on month, (m/m) basis, oil rigs were up 8.1% and gas up 21.1%.
Advanced Durable Goods Orders: The U.S. Census Bureau reported that new orders for durable goods increased by 1.9% month on month (m/m) in September 2020, following the 0.3% increase in August. New orders totaled $237.1M in September, a 4.0% decrease y/y.

October 2020

Advanced Durable Goods Orders: The U.S. Census Bureau reported that new orders for durable goods orders increased by 0.4% month on month, (m/m) in August, following the 11.7% increase in July.
U.S. Capacity Utilization scored a 71.1% in July, up 3.5% month on month, (m/m) – its third monthly increasing for the year. Mexico Capacity Utilization scored a 72.9% in July, up 10.1% month on month, (m/m) – its third monthly increasing for the year. Canada Capacity Utilization scored a 70.3% in July, down 11.9% quarter on quarter (Q/Q).
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