Domestic raw steel production increased sharply again last week as the mills ramp up to offset the loss of imports. U.S. mills produced an estimated 1,740k tons at a 77.5% utilization rate; this is up from 1,725k tons and a 76.8% rate previously.
Domestic raw steel production increased sharply again last week, now up four out of the last five weeks. U.S. mills produced an estimated 1,725k tons at a 76.8% utilization rate; this is up from 1,706k tons and a 76.0% rate previously.
Increased activity from consumers continued in April, as pre-tariff buying bled over from March. April U.S. light vehicle sales came in at a 17.3 million unit rate, down slightly from March but up considerably from April 2024.
New home sales increased for the second consecutive month in March and was at its highest monthly rate since September. March new home sales came in at a 724,000 unit rate, up 7.4% from February and up 6.0% from the 683,000 unit rate in March 2024.
