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Core Report | June 07, 2024

Steady domestic mills shipments combined with the continued surge in imports helped to overcome the increase in exports to push total carbon steel consumption higher in April. Total carbon steel consumption (steel shipments + imports - exports) came in at a per/day rate of 277.4k tons in April, up from 265.8k tons/ day in March.

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Core Report | May 31, 2024

Total carbon steel imports in April continued to push higher, now up for the second consecutive month. Preliminary April carbon steel imports totaled 2.055 million tons, up 4.1% from March and up 19.3% from 1.722 million tons in April 2023.

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Core Report | May 24, 2024

New orders for manufactured durable goods increased in April, now up for the third consecutive month. New orders were up 0.7% to a $284.1 billion rate from March; this follows a 0.8% increase in March. Excluding the volatile transportation component, new orders were up 0.4%.

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Core Report | May 17, 2024

Shipments of HVAC equipment continued to push higher in March on the back of strong seasonal momentum. HVAC equipment shipments totaled 1.952 million units in March, up 13.0% from February but was were down 2.7% from March 2023.

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Core Report | May 10, 2024

After slipping in March, the April Dodge Momentum Index rebounded. The April DMI came in at 173.9, up from 164.0 in March but is below the 184.1 reading in April 2023.

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Core Report | May 3, 2024

Economic activity, from the manufacturing sector, slipped back into contraction in April after a brief stint in expansion in March. The April ISM Manufacturing Index came in at 49.2, down slightly from the 50.3 reading in March. The twelve-month average increased to 47.8, its highest level since last August.

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Core Report | April 26, 2024

Production of light vehicles in the U.S. continued to rebound in March and is now up for the third consecutive month. U.S. light vehicle production totaled 946,314 units in March, up 0.9% from February, but was down slightly (1.4%) from March 2023.

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Core Report | April 19, 2024

After climbing the previous two months, sales of existing homes declined in March. March existing home sales came in at a 4.190 million unit rate, down 4.3% from February and down 3.7% compared to the 4.350 million unit rate in March 2023.

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Core Report | April 12, 2024

Shipments of heating and cooling equipment continued to rebound in February, now up for the third consecutive month. HVAC equipment shipments totaled 1.727 million units, up 2.9% from January and up 3.7% from 1.665 million units in February 2023.

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Core Report | April 5, 2024

After contracting for sixteen consecutive months, economic activity in the manufacturing sector expanded in March. The March ISM Manufacturing Index came in at 50.3, up from 47.8 in February and up from 46.3 last March. This is the highest monthly reading since September 2022.