Welcome to The Gauge, your resource for market intelligence. Tapping into a broad range of industry expertise, Ryerson provides content that helps you make more informed decisions for your business.
The manufacturing PMI (Purchasing Managers’ Index) from ISM (Institute for Supply Management) hit 49.1 in August. So, what does that mean for price of metal?
While not perfect) there is a relationship over time between PMI and the price of aluminum, carbon, and stainless steel. Nevertheless, a lower PMI reading doesn’t necessarily equate to lower prices (see chart below which tracks the price of these products to PMI, 2016 to present). Read the September Monthly Market Report for more--along with an update on the rising price of nickel, the impact Hurricane Dorian had on freight cost, and more.
(Source: Bloomberg)
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Explore these three tips for reducing your costs on metal fabrication.
A Ryerson survey reveals how steel tariffs are impacting customers.
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This step-by-step video blog shows how slitters can help achieve close tolerances on your metal.
What makes aluminum 6061 so versatile, and why should you use it on your next project?
Do you know the two steps for choosing high strength low alloy plates?
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Five tips for maximizing your return on scrap.
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How do you choose the right method for cutting metal? Check out our interactive story to find out.
Need an alternate grade? Check out our interactive story for the five questions you need to be asking.
Explore how various alloying elements impact your metal.
