Steel Markets
September US Auto Sales at 1.24 Million
Written by Sandy Williams
October 2, 2014
US automotive sales for September totaled 1.24 million units according to the final tally at WardsAuto. Sales were just under Wards’ forecast of 1.26 million units. General Motors and Chyrsler sales were 19 percent higher year over year. Ford, at 180,175 vehicles, was down 3 percent from September 2013.
“Auto sales remained strong in September and rounded out an excellent third quarter, the best for the industry since 2006,” said Bill Fay, Toyota division group vice president and general manager. “SUVs and crossovers continue to be the industry’s hot spots, and RAV4 and 4Runner both saw double-digits gains.”
Subaru took a huge leap of 31 percent to 41,517 vehicle sold due to the launch of its all new Legacy and the Outback. Volkswagen continues to struggle with US sales, down 18.6 percent year over year with 25,996 sold.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets
Dodge Momentum drops on moderating data center growth
Slowing growth in data center planning caused the Dodge Momentum Index (DMI) to pull back in September. The decline followed five months of growth after the index hit a two-year low in March.
US construction spending drops again in August
Construction spending in the US declined for a third month in August but showed an increase year over year (y/y). The US Census Bureau estimated construction spending to be $2.131 trillion in August on a seasonally adjusted annual rate (SAAR). While this was 0.1% below July’s revised spending rate, it was 4.1% higher than spending […]
Global steel production eases in August
Steel mill output around the world totaled 144.8 million metric tons (mt) in August, the lowest monthly rate of 2024.
Dismal ABI suggests weakness in non-res construction will persist
The August Architecture Billings Index (ABI) continued to indicate weak business conditions amongst architecture firms through August, according to the American Institute of Architects (AIA) and Deltek.
AISI: Raw steel production slips to 5-week low
Domestic raw steel mill production eased last week but remains at a healthy rate, according to the latest release from the American Iron and Steel Institute (AISI).