Core Report | January 17, 2025
Prime Scrap increased month over month for the first time since 2023.
Prime Scrap increased month over month for the first time since 2023.
Light vehicle sales ended the year on a strong note, climbing for the fourth consecutive month. This was the highest monthly rate since May 2021.
On Friday, President Joe Biden officially blocked the takeover of U.S. Steel by Japan’s Nippon Steel on the grounds of national security. The proposed $14.9 billion acquisition by Nippon would place one of the largest steel producers in the U.S. under foreign control, creating a risk for the nation’s critical supply chains.
Total construction spending continued to increase in October, now up for the third consecutive month.
Total construction spending continued to increase in October, now up for the third consecutive month.
Total construction spending continued to increase in October, now up for the third consecutive month.
U.S. light vehicle production increased in October and is now up for the second time in the last three months.
Business activity from the manufacturing sector grew strongly in the New York region in November.
The inventory of light vehicles on dealer lots increased in October, now up for the third consecutive month.
The Consumer Confidence Index increased in October, with the strongest monthly gain since March 2021.