Market Update | September 22nd 2021

Signs are pointing to both short and long term domestic growth. Despite uncertainty around labor, supply chains, and inflation, U.S. homebuilders are more confident today then they have been in the last three months. This confidence is evident as new housing starts continue to increase month over month. Looking forward to 2024, Nucor recently announced plans to start building a new EAF facility. This new facility is expected to produce 3.0 million tons/year.