Core Report | December 12, 2025

In the middle of the week, Nucor announced a minimum base price increase for galvanized steel products. The new minimum base price is now $1,050/ton ($52.50/cwt) for all producing mills, except CSI, where the minimum base price will be $1,100/ton ($55/cwt). Nucor cited modest inventory levels for galvanized steel products in the supply chain, increased production costs, as well as resilient demand – demand that is expected to strengthen with continued reshoring of manufacturing in 2026.

Core Report | December 5, 2025

Industrial production increased slightly in September, climbing 0.1% after a 0.3% drop in August.

Majestic Steel Announces Strategic Investment and Leadership Transition at Steel Homes, Strengthening U.S. Modular Housing Capabilities

Core Report | November 21, 2025

August total construction spending came in at a $2.169 trillion rate, the third consecutive monthly increase. While total spending was up 0.2% compared to July, spending was down 1.6% compared to last August. Spending has now declined on a year-over-year basis for seven consecutive months.

Core Report | October 31, 2025

After sliding for the better part of the last year, North American (U.S./Canada) shipments of tractors and combines improved in September. Tractor and combine shipments totaled 20,057 units, up 13.1% from August and were up 4.1% last September.

Core Report | October 26, 2025

After sliding for the better part of the last year, North American (U.S./Canada) shipments of tractors and combines improved in September. Tractor and combine shipments totaled 20,057 units, up 13.1% from August and were up 4.1% last September.

Core Report | October 17, 2025

After sliding for the better part of the last year, North American (U.S./Canada) shipments of tractors and combines improved in September. Tractor and combine shipments totaled 20,057 units, up 13.1% from August and were up 4.1% last September.

Core Report | October 10, 2025

A leading indicator for future nonresidential construction spending continued to push higher in September. The September Dodge Momentum Index came in at 304.6, up from a downwardly revised 294.7 in August.

Market Update | October 8, 2025

The September Dodge Momentum Index came in at 304.6, up from a downwardly revised 294.7 in August. Compared to August, commercial planning grew by 4.7%, while institutional planning increased by 0.9%. On the commercial side, activity slowed for warehouses, offices, and hotels, while gaining momentum in data centers and retail. On the institutional side, education and recreational planning slowed while healthcare and public planning grew. ​Planning momentum remained steady and will correlate to stronger construction spending​ in the back half of 2026 and into 2027.

Core Report | October 3, 2025

September light vehicle sales came in at a 16.4 million unit rate, up 3.8% from August and up 2.1% from the 15.8 million​ unit rate in September 2024. Light vehicle sales have now increased for the fourth consecutive month.