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Steel shipments increase in August WASHINGTON, D.C.—The Amer- ican Iron and Steel Institute (AISI) has reported that for the month of August 2 0 1 8 , U S s t e e l m i l l s s h i p p e d 8,441,597 net tons (NT) of steel, a 6.7 percent increase from the 7,911,228 NT shipped in July 2018 and a 6.5 per- cent increase from the 7,928,795 NT shipped in August 2017. Shipments year-to-date in 2018 are 63,656,882 NT, a 4.6 percent increase versus 2017 shipments of 60,868,122 NT for 8 months. AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. Global industrial coatings market to gain returns of $141.7 billion by 2023 NEW YORK CITY, N.Y.—The global industrial coatings market was assessed at $98.8 billion in 2017 and is expected to gain market returns of $141.7 billion by 2023, a compound annual growth rate (CAGR) of 6.2 per- cent during the forecast period. This is according to 2018-2023 Global and Regional Industrial Coatings Industry Production, Sales, and Consumption Status and Prospects Professional Market Research Report, a market research re- port from HNY Research, an industrial market research firm. The market is largely driven by increasing demand for industrial coatings from various end- use industries, such as automotive, ma- rine, protective, aerospace, transporta- tion, rail, industrial wood, coil, trans- portation, packaging, and general in- dustrial. Market growth can also be at- tributed to increased investments by key players to launch efficient and cost-effective products in addition to expansion and acquisition activities. US manufacturing technology orders surge in August MCLEAN, Va.—US manufacturing technology orders posted an unex- pected surge in August, climbing 28 percent over August 2017 and bringing the year-to-date growth rate to 23 per- cent for 2018. This is according to the Association for Manufacturing Tech- nology (AMT) as reported by compa- nies participating in the US Manufac- turing Technology Orders (USMTO) program. Orders totaled $501 million for the month, up 26 percent from July and the largest August order level in the USMTO program's history. "Orders of a half-billion dollars in Au- gust were a major surprise, particularly as it occurred in the weeks immediately preceding the most successful IMTS ever produced," said Douglas K. Woods, AMT president. "The current acceleration in manufacturing is illus- trated in the continued growth of back- log for durable goods. The only way to address that trend is to put more people and equipment in place. Therefore, there was no typical 'summer pause' usually associated with August, as man- ufacturers have a need to increase ca- pacity now." Trade issues and supply chain delays are certain to have an im- pact on the equipment market headed into the fall. AMT supports a quick and fair conclusion to the issues with our trading partners as exports are im- portant to all manufacturers. The key indicators that AMT tracks relative to manufacturing technology orders continue to point to further ex- pansion. The Purchasing Managers' Index dipped in July only to jump to a new high in August, climbing past 61 and suggesting not only expansion but an acceleration in that growth rate. Du- rable goods orders were over $259 bil- lion in August, the second largest monthly total since the series began in 1992. The durable goods order rate continues to outpace shipments, lead- ing to a steady increase in unfilled or- ders. The continued growth in durable manufacturing capacity utilization is the result of these trends in orders, shipments, and backlogs and point to the need for additional capacity to ad- dress the growth in demand for manu- factured products. The USMTO report provides regional and national US orders data of domes- tic and imported machine tools and re- lated equipment. AMT represents and promotes US-based manufacturing technology and its members, including those who design, build, sell, and ser- vice the continuously evolving technol- ogy that lies at the heart of manufactur- ing. The USMTO report is compiled by AMT and all data in the report is based on the totals of actual data re- ported by companies participating in the USMTO program. Increased demand expected in global coating equipment market DUBLIN, Ireland—Global demand for coating equipment is forecast to re- port strong growth driven by con- sumption in major emerging markets. More growth opportunities will turn up between 2018 and 2025 as com- pared to the past 5 years, suggesting rapid pace of change. Companies quickly adapting to this changing land- scape are emerging as top performers an d earn in g attractive reven ues through sustainable transition, innova- tion, efficient pricing, and sales execu- tion strategies. This is according to 2018 Future of Global Coating Equip- ment Market to 2025 – Growth Oppor- tunities, Competition, Trends, and Out- look of Coating Equipment Across Appli- cations and Regions Report, a report from Research and Markets, an indus- trial market research firm. Increases in both domestic and export-oriented revenues are observed for key players in the global market. However, challenges such as increasing buyer bargaining power and an emphasis on high-quality products at low costs are forcing signifi- cant changes in the supply chain. Primary metals leading index increases in August RESTON, Va.—The primary metals leading index increased to 170.5 in Au- gust from an upwardly revised 168.5 in July, and its 6-month smoothed growth rate increased to 2.5 percent in August from an upwardly revised 0.7 percent in July. The 6-month smoothed growth rate is a compound annual rate, which measures near-term trend. A growth rate above +1.0 percent signals an increase in metals activity. The primary metals leading index growth rate posted growth rates above +1.0 percent from April 2016 through June 2018 and again in August 2018. The August leading index should be considered preliminary be- cause only five of its eight indicators were available. UPDATE: Markets 28 POWDER COATING, November 2018