
Core Report | October 30, 2026
Global steel production edged higher in September, with average daily output increasing approximately 2% from August. Chinese production rose 2% month-over-month despite soft domestic demand.

Global steel production edged higher in September, with average daily output increasing approximately 2% from August. Chinese production rose 2% month-over-month despite soft domestic demand.

Domestic steel production rebounded sharply last week after sliding five out of the previous six weeks. U.S. mills produced an estimated 1,870k tons at an 80.9% utilization rate, up from 1,796k tons and a 77.8% rate previously.

The Dodge Momentum Index rose 2.4% in September to 288.0, up from a downwardly revised 281.3 in August. Non-residential building planning was 3.7% above year ago levels.

A key leading indicator for non-residential construction spending held steady in August after a solid bump in July. The August Dodge Momentum Index came in at 282, down slightly from 283 in July and down from 294.7 last August.