Is U.S. steel back? (with latest stats)

President Trump tweeted – “It has been given new life”. Let’s check on the latest employment, import and productions stats how actually U.S. Steel industry is doing. Here we go.

U.S. Steel Import (25% Tariff Executive Order in March)

2018 Mar  2.5  (2017 Mar  2.5)  ⇄ 0%
2018 Apr  2.9  (2017 Apr   2.5)  ↑16%

2018 May 2.4  (2017 May 2.6)  ↓8%
2018 Jun  1.9  (2017 Jun  3.0)  ↓37%
2018 Jul   2.2  (2017 Jul   2.9)  ↓24%
(unit: million tons)

U.S. Steel Import by Country

Country       2018        2017
===================================
S. Korea     1,932       2,269   ↓14.9%
Japan            873          937   ↓6.9%
Germany       785          751   ↑1.0%
Turkey           721       1,726   ↓58.2%
Taiwan          659         785   ↓16.0%
Vietnam        626         484   ↑29.4%
China            429          511   ↓16.0%
Italy               359         276   ↑29.9%
All Other    9,833    10,241   ↓4.0%
==================================
Total        16,190    17,980   ↓10.0%
*YTD (7 months), thousands of net tons
source: American Iron and Steel Institute

U.S. Steel Shipments

2018 Apr  7.660
2018 May 7.798
2018 Jun  8.056
2018 Jul   7.911 (↓1.8% MoM)
(unit: million tons)
source: American Iron and Steel Institute

Iron and Steel Product Industrial Production Index

2018 Apr  95.37
2018 May 95.08
2018 Jun  93.37
2018 Jul   93.97
2018 Aug 98.91 (↑7.9% YoY, ↑5.3% MoM)
(index 2012=100)
source: Federal Reserve Bank

Metal and Fabricated Metal Industry Employment

2018 Feb  380.4
2018 Mar  379.8
2018 Apr  380.7
2018 May 380.1
2018 Jun  382.6 (↑2.5% YoY)
2018 Jul   381.0 (↑1.9% YoY)
2018 Aug 381.7 (↑1.9% YoY)
(unit: thousands)
source: Bureau of Labor Statistics

Metal and Fabricated Metal Industry Unemployment Rate:

2018 Feb 4.4%
2018 Mar 2.2%
2018 Apr  3.4%
2018 May 4.8%
2018 Jun  2.6% (↓41% YoY)
2018 Jun  2.3% (↓45% YoY)
2018 Aug  2.7% (↓48% YoY)

source: Bureau of Labor Statistics
https://www.bls.gov/iag/tgs/iag331.htm

Trump Tracker: https://hcw68.app.goo.gl/p6u5

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