Skip to main content
faded image of majestic steel packaging with the majestic steel red m blade

Core Report | July 3, 2024

Spot iron ore rebounded sharply ahead of the July 4th holiday after slipping four out of the previous five weeks. Spot iron ore pricing settled at $110.32/mt, up from $106.35/mt the week prior. This is the highest price for iron ore since late-May.

faded image of majestic steel packaging with the majestic steel red m blade

Core Report | June 28, 2024

U.S. mills produced an estimated 1,710k tons at a 77.0% utilization rate; this is up from 1,704k tons and a 76.7% rate previously.

faded image of majestic steel packaging with the majestic steel red m blade

Core Report | June 21, 2024

May retail sales totaled $703.1 billion, up 0.1% from April and up 2.3% from the $687.5 billion rate in May 2023.

faded image of majestic steel packaging with the majestic steel red m blade

Core Report | June 14, 2024

TheConsumer Price Index was flat month-over-month as inflation slightly cooled for the second straight month. The May Consumer Price Index saw prices for all goods increase 3.3% compared to last year, still much higher than the Fed’s 2% target.

faded image of majestic steel packaging with the majestic steel red m blade

Core Report | June 07, 2024

Steady domestic mills shipments combined with the continued surge in imports helped to overcome the increase in exports to push total carbon steel consumption higher in April. Total carbon steel consumption (steel shipments + imports - exports) came in at a per/day rate of 277.4k tons in April, up from 265.8k tons/ day in March.

faded image of majestic steel packaging with the majestic steel red m blade

Core Report | May 31, 2024

Total carbon steel imports in April continued to push higher, now up for the second consecutive month. Preliminary April carbon steel imports totaled 2.055 million tons, up 4.1% from March and up 19.3% from 1.722 million tons in April 2023.

faded image of majestic steel packaging with the majestic steel red m blade

Core Report | May 24, 2024

New orders for manufactured durable goods increased in April, now up for the third consecutive month. New orders were up 0.7% to a $284.1 billion rate from March; this follows a 0.8% increase in March. Excluding the volatile transportation component, new orders were up 0.4%.

faded image of majestic steel packaging with the majestic steel red m blade

Core Report | May 17, 2024

Shipments of HVAC equipment continued to push higher in March on the back of strong seasonal momentum. HVAC equipment shipments totaled 1.952 million units in March, up 13.0% from February but was were down 2.7% from March 2023.

faded image of majestic steel packaging with the majestic steel red m blade

Core Report | May 10, 2024

After slipping in March, the April Dodge Momentum Index rebounded. The April DMI came in at 173.9, up from 164.0 in March but is below the 184.1 reading in April 2023.

faded image of majestic steel packaging with the majestic steel red m blade

Core Report | May 3, 2024

Economic activity, from the manufacturing sector, slipped back into contraction in April after a brief stint in expansion in March. The April ISM Manufacturing Index came in at 49.2, down slightly from the 50.3 reading in March. The twelve-month average increased to 47.8, its highest level since last August.