economic activity expanded at a moderate pace over the past two
months, according to the Federal Reserve Boards latest
economic conditions report, commonly known as the Beige
The Atlanta, Chicago,
Kansas City, Philadelphia, Richmond and San Francisco districts
all said demand is strong for inputs related to passenger
vehicles, housing and infrastructure, including steel.
The Chicago district
highlighted the auto industry as a main source of strength,
with steel output growing moderately, and manufacturers there
expect demand for heavy and medium trucks to ratchet up through
year-end. The San Francisco districts survey indicates
shipments of steel products used in nonresidential construction
In the Philadelphia
district, metal fabricators reported higher shipments and new
orders, but primary metal producers experienced a seasonal
slowing in activity.
Steel producers in the
Cleveland district expressed concern about the negative impact
of growing steel imports on their business.
In the Atlanta region,
railroads reported higher nonferrous scrap and metallurgical
coal shipments and ports reported higher shipments of steel
used in automobile production.
manufacturers in the Chicago district reported an increase in
orders, particularly from the auto and aerospace
Many manufacturers in
the St. Louis district are hiring, expanding operations and
opening new facilities, including appliances, automobiles and
parts, refrigeration compressors, barges and other marine
Energy and mining
activity rose in Colorado, the Dakotas, Minnesota, Montana and
Wyoming and is expected to grow in the future.