Steel Markets

Home Builders Worried About Meeting Spring Demand
Written by Sandy Williams
March 18, 2014
The confidence level for home builders rose by one point to 47 in the National Association of Home Builders/Wells Fargo Housing Market Index for March. Builders are concerned about meeting demand due to a shortage of buildable lots and difficulty in finding skilled workers. Of additional concern, said said NAHB Chief Economist David Crowe, are rising prices for materials and very low inventory of new homes.
“The March HMI mirrors last month’s sentiment, as builders continued to be affected by poor weather and difficulties in finding lots and labor,” said NAHB Chairman Kevin Kelly.
On the component indexes, current sales conditions rose 1 point to 55 while buyer traffic increased by two points to 33. Sales expectations for the next six months fell one point to 53.
The three-month moving averages by region all fell in March. The regional indexes read as follows: Northeast down 3 points to 35, Midwest down 3 points to 53, South down 4 points to 49, and the West down 2 points to 61.
More information on housing may be found at the NAHB website, www.nahb.org.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets

CRU: China’s indirect steel exports find new destination markets
The boom in China’s direct steel exports has not stopped this year, even with a rise in protectionist measures globally. The increase is driven by...

Great Lakes iron ore cargoes down in September as Cleveland tonnage slips
Iron ore shipments from US Great Lakes ports fell sharply in September, per the latest from the Lake Carriers’ Association (LCA) of Westlake, Ohio.

HVAC equipment shipments down through August
Although total HVAC shipments fell in August, YTD volumes remain relatively strong. Nearly 15 million units were produced in the first eight months of the year, the fourth-highest rate in our 19-year data history.

Sheet market sources slam tariffs for prolonged demand slump
Tariffs are ultimately to blame for stagnant demand in the hot-rolled coil market, domestic market sources tell SMU.

Week in Review: Sept. 29 -Oct. 3
Let’s take a quick tour of some key stories from SMU in the week of Sept. 29 - Oct. 3.