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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.

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Majestic Steel Investment in Steel Homes Modular
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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.