­­U.S. Steel Capacity Utilization: The total tonnage for the week ending February 29^th was 1,923 million net tons, at a capacity utilization rate of 82.5%.

The total number of operating rigs in the U.S. the week as of February 14^th was 678 oil and 110 gas (totaling 788). In percentage terms, on a month on month, (m/m) basis, oil rigs were up 1.0% and gas down 8.3%.

The U.S. Census Bureau reported that; new orders for durable goods orders increased by 2.4% month on month, (m/m) in December, following the 3.1% decrease in November. The always-volatile nondefense aircraft orders, decreasing 74.7% m/m and down 41.6% y/y influenced this trend significantly.

The total tonnage for the week ending January 11^th was 1,923 million net tons, at a capacity utilization rate of 82.5%. The first time the capacity utilization has been under 82 percent since the week of April 13^th, 2019.

Oil and Gas Rotary Rig Counts:  The total number of operating rigs in the U.S. the week as of December 13^th was 667 oil and 129 gas (totaling 796).