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Market Update | April 23, 2025

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. Sales have now increased, on a year-over-year basis, in back-to-back months, and in four of the last five months. The inventory of unsold new homes held steady, ending the month flat from the end of February at 493,000 units. The month-end inventory, when combined with March’s sales rate, equates to 7.1 months of supply.

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Market Update

Market Update | April 9, 2025

While dropping on a month-over-month basis, total carbon steel consumption was up compared to last February. February total steel consumption came in at a 277.3k tons/day rate, up 1.2% compared to last February. Carbon sheet consumption saw similar trends, sliding 6.8% from January but climbing 3.45 from last February to a 148.5k tons/day rate. This was the highest February daily rate since 2020.

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Market Update

Market Update | March 26, 2025

Now up for the second consecutive month, durable good new orders increased 0.9% in February to a $289.3 billion rate and follows a 3.3% increase in January. Excluding transportation, new orders were up 0.7% compared to January. New orders for both primary metals and fabricated metal products increased in February, climbing 1.2% and 0.9%, respectively. ​Nondefense capital goods (ex. aircraft) new orders slipped however, sliding 0.3% after seeing a 0.9% increase in January.

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