Market Update | March 19, 2025
Industrial production increased 0.7% from January and is at its highest level in recent history.
Core Report | March 14, 2025
Shipments of HVAC equipment started the year on a stronger note after sliding the previous two months. HVAC equipment shipments totaled 1.669 million units, up 8.6% from December, but were down 0.6% from the 1.678 million unit total in January 2024.
Core Report | March 7, 2025
New orders for manufactured durable goods rebounded in January after sliding the previous two months, coming in at a $286.0 billion rate. This is up $8.7 billion or 3.1% after sliding 1.8% in December.
Market Update | February 26, 2025
The upward pricing momentum accelerated this week with prices now closing in on nine-month highs, with current mill offerings closer to fresh 52-week highs. Increased buying activity, steady demand, and rising costs, particularly from scrap, continue to add fuel to the current market upswing.
Core Report | February 28, 2025
Business activity in the New York region increased in February after declining to start the year. The February Empire Manufacturing Index came in at 5.7, up from -12.6 in January and the highest reading since November.
Market Update | February 26, 2025
The upward pricing momentum accelerated this week with prices now closing in on nine-month highs, with current mill offerings closer to fresh 52-week highs. Increased buying activity, steady demand, and rising costs, particularly from scrap, continue to add fuel to the current market upswing.
Core Report | February 21, 2025
Business activity in the New York region increased in February after declining to start the year. The February Empire Manufacturing Index came in at 5.7, up from -12.6 in January and the highest reading since November.
Core Report | February 14, 2025
Economic activity in the manufacturing sector expanded in January, the first expansion after 26 consecutive declines.
Market Update | February 12, 2025
President Trump said on his first day in office during an Oval Office signing ceremony that his administration is planning to impose 25% tariffs on Mexican and Canadian imports as soon as February 1. He also said his administration is not yet ready to impose universal tariffs. As a reminder, the U.S. receives about 40% of its imported steel from Canada and Mexico and sends 90% of its exported steel to those two countries. The 25% tariffs on Canada and Mexico are likely to support steel prices.
Core Report | February 7, 2025
Economic activity in the manufacturing sector expanded in January, the first expansion after 26 consecutive declines.
