Manufacturers' New Orders: Iron and Steel Mills and Ferroalloy and Steel Product Manufacturing
A31ANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,662.00
Year-over-Year Change
-2.48%
Date Range
2/1/1992 - 6/1/2025
Summary
This economic trend measures new orders received by U.S. manufacturers of iron, steel, and related products. It serves as an important indicator of current and future manufacturing activity and demand.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Manufacturers' New Orders: Iron and Steel Mills and Ferroalloy and Steel Product Manufacturing series tracks the value of new orders received by domestic producers of iron, steel, and steel products. This metric provides insight into the health and forward-looking demand for a crucial industrial sector.
Methodology
The data is collected through monthly surveys of manufacturers by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, analysts, and market participants to assess the state of the U.S. manufacturing and industrial economy.
Key Facts
- Iron and steel manufacturing accounts for over $300 billion in annual U.S. shipments.
- New orders serve as a leading indicator of future production and GDP.
- The sector employs over 375,000 workers in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of new orders received by U.S. manufacturers of iron, steel, and related steel products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the current and future demand for a critical industrial sector, making it an important indicator of overall manufacturing activity and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturers conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market participants closely monitor this trend to assess the health of the U.S. manufacturing and industrial economy, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Manufacturers' New Orders: Iron and Steel Mills and Ferroalloy and Steel Product Manufacturing (A31ANO), retrieved from FRED.