Iron Ore Stocks at Furnaces and Lake Erie Docks for United States
M05107USM418NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.40
Year-over-Year Change
0.91%
Date Range
4/1/1918 - 12/1/1955
Summary
This economic trend measures iron ore stockpiles at U.S. furnaces and Lake Erie docks, providing insight into domestic steel production and capacity utilization.
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 iron ore stocks metric tracks the volume of iron ore held in inventory at steel manufacturing facilities and major shipping hubs. This data point is used by economists and industry analysts to assess the health and outlook of the domestic steel industry.
Methodology
The data is collected through monthly surveys of steel producers and dock operators.
Historical Context
Trends in iron ore inventories inform analysts' views on steel production, trade flows, and broader industrial activity.
Key Facts
- Iron ore is a key input for steel manufacturing.
- Inventory levels fluctuate with seasonal demand and production cycles.
- High iron ore stocks signal ample domestic supply.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of iron ore held in inventory at U.S. steel manufacturing facilities and major shipping hubs on the Great Lakes.
Q: Why is this trend relevant for users or analysts?
A: Trends in iron ore stocks provide insight into the health and capacity of the domestic steel industry, which is a key driver of broader industrial activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of steel producers and dock operators.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor iron ore inventory levels to assess the outlook for steel production, trade flows, and industrial output.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 4-6 weeks.
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Citation
U.S. Federal Reserve, Iron Ore Stocks at Furnaces and Lake Erie Docks for United States (M05107USM418NNBR), retrieved from FRED.