Core Report | June 24, 2022
Input costs remain highly volatile with Iron Ore dropping considerably after climbing the last 4 weeks, Zinc dropping for the second consecutive week, and Coking Coal rebounding in price after sliding the last 3 weeks.
Core Report | June 17, 2022
Input costs remain highly volatile with Iron Ore dropping considerably after climbing the last 4 weeks, Zinc dropping for the second consecutive week, and Coking Coal rebounding in price after sliding the last 3 weeks.
Core Report | June 10, 2022
Nonresidential demand surpassed the previous high reached in November 2021.The Dodge Momentum Index (DMI), the report for nonresidential building projects, jumped 7% in May to 176.2, up from the revised April reading of 165.2. The most recent commercial planning growth is being driven by an increase in office and hotel projects.
Core Report | June 3, 2022
Total construction spending continued to climb in April, hitting a fresh all-time high. The continued rise is spending is being driven by growth in residential construction, now accounting for 51.6% of total spending, its highest percentage since mid-2006.
Core Report | May 27, 2022
Input cost volatility continues as spot iron ore and zinc rebound upward and coking coal swings downward. On the supply side, domestic steel production is now up six out of the last seven weeks. At the same time, we're seeing the start of a pullback in carbon steel imports.
Core Report | May 23, 2022
Total industrial production increased again in April for the fourth consecutive month. All major sectors saw growth, with manufacturing increasing 0.8%. The increase for durable goods manufacturing was helped by strong increases in motor vehicles and parts production.
Core Report | May 16, 2022
The cost to ship material and products on trucks continues to climb as freight rates hit a new all time high. There was a 31.0% increase year-over-year in April. The lingering COVID situation, labor constraints, and limited truck capacity has negatively impacted pricing recently.
Core Report | May 9, 2022
Construction spending continued is now up for the thirteenth consecutive month. Although non-residential projects slipped slightly, the increase in residential construction spending was enough to overcome that decline. Residential construction spending made up 51.5% of total construction spending, the highest percentage since mid-2006.
Core Report | May 2, 2022
After dipping in February, carbon steel imports increased in March. Total carbon steel imports totaled 2.381 million tons in March, up 32.5% from February and up 31.1% from March 2021.
Core Report | April 25, 2022
U.S. light vehicle production rebounded for the third consecutive month in March as supply chains, while still constrained, begin to ease slightly. U.S. light vehicle production totaled 915,188 units in March, up 24.6% from February. This is the highest monthly production total since March of last year.
