Metals industry outlook remains strong

Jan 02, 2014 | 01:46 PM | Corinna Petry

Tags  Institute for Supply Management, purchasing managers index, PMI, primary metal producers, metal fabricators, No. 1 busheling scrap, hot-rolled, hot-rolled pickled and oiled Douglas Handler

CHICAGO — Economic activity in the U.S. manufacturing sector grew in December for the seventh consecutive month, albeit it at a slower rate than in November.

The Institute for Supply Management’s purchasing managers index (PMI) was put at 57.0, down slightly from 57.3 in November, as manufacturers’ inventories and order backlogs shrank. A PMI reading above 50 percent indicates that the manufacturing sector generally is expanding.....





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