CRU and Markit's have developed a set of survey based forward looking indicators that provide an indication of where steel prices and consumption are headed and at what speed (on a monthly basis).
Every month, subscriber will receive a concise set of lead indicators for the flat steel market, showing you how steel intensive goods manufacturers see the trends in their industry including access to the charts, data and commentary necessary to undertake your own analysis of the steel market.
In a succinct seven-page PDF report, emailed direct to your inbox, you will have access to the charts, data and commentary necessary to undertake your own analysis of the steel market.
At present, macroeconomic PMIs are used throughout industry to help policy makers and market participants better understand where the economy and industry is heading, at what speed and why. The CRU/Markit Metal PMIs use the same data as the macro PMI, but we refined the sample of managers responding to only those participating in the Steel, Aluminium and Copper industries.
By consolidating reported activity at the level of individual companies, our PMIs give you the most accurate picture possible of Flat Steel supply dynamics. With information derived from various points along the supply chain, the PMIs have the proven ability to lead the market by up to 12 months with consistent 90% correlations.
What do subscribers receive?
Each month, you receive a detailed seven page PDF report with three sections:
1. Executive Summary: Highlights of the key trends from monthly survey results and readings from the composite PMI – a headline indicator of the Steel market.
2. Market Analysis: Combines CRU’s expertise with the monthly survey data to extrapolate a concise and coherent market outlook.
3. Survey Data: Provides charts, historical data tables and current analysis for all 11 of the survey PMI indicators:
a. Input & Output Prices
b. Stocks of Flat Steel Purchases and Finished Goods
c. Inventory, Shipments, Order Backlogs and Flat Steel Supplier Delivery Times
d. Output, New Orders, Export Orders and Employment
How do we produce the CRU/Markit Steel PMI?
CRU has teamed up with Markit Economics, the producer of Purchasing Managers’ Indices for Manufacturing, the Service sector and Construction.
For the CRU/Markit Steel PMI, Markit Economics conducts a regular pan-European monthly survey of purchasing managers within the vehicle manufacturing, construction materials, electrical goods manufacturing and machinery & equipment manufacturing sectors.
Purchasing managers are asked whether the level of the given indicator, eg new orders, is higher, lower or the same as one month ago. The results are converted to an easy-to-read index, identical to the popularized Manufacturing, Service and Construction PMIs.
CRU provides added-value analysis by leveraging its 40 years’ of experience as consultants to the global metals and mining industry.
For more information please contact:
Maria Mohammadian-Molina
maria.mohammadian-molina@crugroup.com
+44 020 7903 2192
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