Steel Markets
Dodge Momentum Index Up 3.9 Percent in January
Written by Sandy Williams
February 9, 2017
The January Dodge Momentum Index gained 3.9 percent to register at 142.6 from a revised reading of 137.3 in December.
The index is a monthly measure of the initial report for nonresidential buildings in planning and leads nonresidential construction spending for buildings by a full year. The index is considered an indicator of future construction growth.
Institutional construction planning gained 12.1 percent while commercial planning fell by 1.0 percent. Dodge Data & Analytics said the decrease in commercial is minor and planning for the sector remains near an eight year high, suggesting stronger growth in 2017.
Institutional planning has been the more volatile component of the index in 2016 but trended higher at the end of the year, suggesting 2017 may have potential for increased activity.
Eleven projects with a value exceeding $100 million entered the planning stage in January.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets
Latin America’s steel industry grapples with declining demand, rising imports
With climbing imports and falling consumption, the Latin American steel industry has had a challenging 2024, according to an Alacero report.
CRU: Trump tariffs could stimulate steel demand
Now that the dust has settled from the US election, as have the immediate reactions in the equity, bond, and commodity markets, this is a prime opportunity to look at how a second Trump presidency might affect the US steel market.
HVAC shipments slip in September but are still trending higher
Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
GrafTech Q3 loss widens as electrode demand remains soft
GrafTech International’s third-quarter net loss increased from last year, with the company anticipating continuing weakness in near-term demand for graphite electrodes.
Cliffs forecasts 2025 rebound after Q3’s weakest demand since Covid
The negative impact of high interest rates on consumer behavior, particularly in the automotive and housing sectors, was the primary driver of the demand weakness seen across the third quarter, according to Cleveland-Cliffs executives.