10 Jul 2018

US Employers Added 213,000 Jobs in June

US Employers Added 213,000 Jobs In June, Exceeding Expectations.

Bloomberg News (7/6, Dmitrieva) reported that “US hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market has room to keep expanding.” The Labor Department announced Friday that “nonfarm payrolls climbed 213,000 after an upwardly revised 244,000 advance,” adding that the data exceeding expectations, as “the median estimate of analysts surveyed by Bloomberg called for a gain of 195,000 jobs.” The AP (7/6, Boak) reported that US employers “kept up their brisk pace of hiring in June, reflecting the durability of the second-longest US economic expansion on record even in the face of a trade war with China.” Commenting on the composition of the job gains, The New York Post (7/6, English) quoted Allianz Global US Investment Strategist Mona Mahajan saying the business sector was “encouraged by the robust manufacturing jobs [gains] figure of 36,000.” MarketWatch (7/6, Bartash) reported, “Businesses can’t find enough talent to fill a record number of job openings, but they are still hiring aggressively,” adding that the job gain reported by the Labor Department “topped the 200,000 forecast of economists polled by MarketWatch.” Reuters (7/6, Mutikani) reported that “the US economy created more jobs than expected in June,” adding that “manufacturers stepped up hiring.” JP Morgan Stanley Economist Michael Feroli called that data “good news insofar as it suggests the economy still has some capacity to grow at an above-trend pace.”

Author: Cynthia
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9 Jul 2018

Dempsco and Moorfeed Team Together to Assist Customer

Dempsco and Moorfeed Team Together to Assist Customer
One of our customers called Dempsco for help in retooling his vibratory bowl feeder for a brand new part. The engineer called our Chris Jacoby to see if Moorfeed could help him with his bowl feeder to either retrofit his existing bowl to handle the new part or build a brand new bowl. Chris Jacoby collected parts from his customer, took dimensional information and send these to Moorfeed.

Upon review of this information, Moorfeed felt confident they could service the bowl on-site to retrofit it for the new part. During the July 4th holiday week, expedited arrangements were made for Jerry Leatherbury, serviceman for Moorfeed, to visit the customer’s plant to do the work. Within hours of arrival, Jerry was able to retrofit the bowl, tune it, and make the bowl completely operational for the new as well as the old part.

The customer’s expectations were far exceeded. Once again, Dempsco and Moorfeed teamed together to react quickly to a customer’s needs and provide a solution that enabled the customer to meet production requirements for the new part.
Author: Cynthia
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6 Jul 2018

Global Steel Production News

Global Steel Production News
May 2018 output is +6.6% year-over-year, paced by Chinese production that is +8.9%

Global steel production increased 4.7% from April to May, totaling 154.9 million metric tons in the latest monthly tally. The May total is 6.6% higher than the year-ago figure, and the result brings the total for the current year to 729.2 million metric tons, 4.74% higher than the January-May total for 2017.

The data is compiled and reported by the World Steel Assn., which records raw-steel output and capacity utilization by steelmakers in 64 nations, accounting for about 99% of total raw-steel production worldwide. Raw steel is the output of basic-oxygen and electric-arc furnaces, and cast into semi-finished products, like billets, blooms, and slabs.
During the past year raw-steel production has expanded steadily after two years of weak demand and reduced output. Recently, World Steel Assn. forecast that demand for steel used in manufacturing and construction will continue to rise in 2018 and 2019, having regained stability during 2017.

In the new report, global raw-steel capacity ticked up 1.0% from April to 77.7% for May. This is 4.2% higher than the May 2017 utilization rate.
China is the world’s largest steelmaking nation, and its raw-steel production total for May 2018 was 81.1 million metric tons, an increase of 5.8% from April and up 8.9% compared to May 2017.

Chinese steelmakers have produced 369.7 million metric tons of raw steel through the first five months of this year, 6.4% more than the total produced for the January-May 2017 period.

In the European Union (28 nations), raw-steel output increased just 1.63% from April to May, totaling 14.9 million metric tons in the most recent result. That total signifies a 1.8% increase over the May 2017 result, and it brings the five-month running total for 2018 to 73.0 million metric tons, up 1.79% year over year.
In the U.S., steelmakers produced 7.1 million metric tons (7.8 million short tons) during May, 2.7% more than during April and 3.0% more than in May 2017. The January-May raw-steel production total is 34.846 million metric tons (38.4 million short tons), a 2.84% year-over-year increase.


--Robert Brooks, Jul 05, 2018, American Machinist
Author: Cynthia
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5 Jul 2018

Kurt Jacoby Participates in Eriez Rep Council

Kurt Jacoby Participates in Eriez Rep Council
Kurt Jacoby, Dempsco, participated in the 2018 Eriez Rep Council Meeting in St. Louis in June. Another successful meeting – Eriez’ 25th overall since being established in 1995.

Kurt represented Dempsco helping to find effective ways in which Eriez and their Reps can work together for the overall improvement of communication, productivity, and, of course, serving all our mutual customers!
Author: Cynthia
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3 Jul 2018

Strong Manufacturing Growth in June

Strong Manufacturing Growth in June
ISM Report Shows Strong Manufacturing Growth In June.

Bloomberg News (7/2, Golle) reports that the ISM data shows that “US manufacturing expanded more than forecast last month as a gauge of supplier-delivery times shot up amid robust orders and production.” Bloomberg quotes ISM Business Survey Committee Chairman Timothy Fiore on the survey data, saying, “Lead-time extensions, steel and aluminum disruptions, supplier labor issues and transportation difficulties continue. Demand remains robust, but the nation’s employment resources and supply chains continue to struggle. Respondents are overwhelmingly concerned about how tariff related activity is and will continue to affect their business.” Reuters (7/2, Mutikani) writes that “manufacturers were ‘overwhelmingly’ concerned about the impact of tariffs imposed by the Trump administration on a range of imported goods including steel and aluminum,” according to the ISM report. MarketWatch (7/2, Bartash) reports that “American manufacturers grew in June at the fastest pace in four months.” It also quotes Pantheon Macroeconomics Chief Economist Ian Shepherdson summarizing the ISM report, saying, “In one line: Strong growth, but supply chains are stretched.” The AP (7/2, Wiseman) reports that “seventeen of 18 manufacturing industries reported growth last month, led by textile mills and makers of wood products.” The Wall Street Journal (7/2, Nunn, Subscription Publication) also reports.
Author: Cynthia
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