Steel Products
September Construction Employment Supported by Robust Demand
Written by Sandy Williams
October 31, 2018
Robust demand in the construction industry is helping to elevate employment levels in the sector.
Construction employment increased in 278 out of 358 metro areas between September 2017 and September 2018, declined in 42 and was unchanged in 38, according to a new analysis of federal employment data by the Associated General Contractors of America.
The Houston-The Woodlands-Sugar Land, Texas, metro area added the most construction jobs during the past year (29,500 jobs, 14 percent). Other metro areas adding a large number of construction jobs during the past 12 months include Phoenix-Mesa-Scottsdale, Ariz. (14,600 jobs, 13 percent); Dallas-Plano-Irving, Texas (14,100 jobs, 10 percent); and Orlando-Kissimmee-Sanford, Fla. (12,300 jobs, 17 percent). The largest percentage gain occurred in Naples-Immokalee-Marco Island, Fla. (27 percent, 3,600 jobs), followed by Midland, Texas (23 percent, 6,600 jobs); Miami-Miami Beach-Kendall, Fla. (22 percent, 9,600 jobs); and Weirton-Steubenville, W.Va.-Ohio (21 percent, 400 jobs).
{loadposition reserved_message}
The largest job losses from September 2017 to September 2018 were in Middlesex-Monmouth-Ocean, N.J. (-4,000 jobs, -10 percent), followed by Newark, N.J.-Pa. (-3,000 jobs, -6 percent); Camden, N.J. (-2,500 jobs, -11 percent); Spokane-Spokane Valley, Wash. (-2,100 jobs, -14 percent) and Baltimore-Columbia-Towson, Md. (-2,100 jobs, -3 percent). The largest percentage decrease occurred in Spokane-Spokane Valley, followed by Camden, Middlesex-Monmouth-Ocean and Charleston, W.V. (-7 percent, -500 jobs).
AGC says tax and regulatory reform continue to boost private-sector demand, and modest increases in infrastructure funding are supporting public-sector investment levels. So far, firms seem to be weathering higher labor and materials costs resulting from U.S. and global trade issues. AGC officials urged Washington to reconsider any further tariffs that could undermine economic growth.
“Many construction firms are expanding their headcount as they benefit from favorable market conditions,” said Stephen E. Sandherr, the association’s chief executive officer. “The question is whether conditions will remain positive amid a growing trade dispute with China and turbulent stock market conditions.”

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products

US rig count slips, Canada ticks higher
ncreases through September, according to the latest Baker Hughes rig count data.

CRU: EC to toughen steel safeguards
The European Commission proposes cutting its steel import quota by almost half, with volumes exceeding the limit facing 50% duties. The region’s steel industry welcomes the move, while other steel-producing nations fear the consequences. CRU published an insight before this announcement, noting that more restrictive trade policy could significantly raise the cost of marginal supply […]

US and Canadian rig counts stabilize
US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.

Plate market sources critique mill hikes amid current market conditions
Following spot market plate price increase notices issued by domestic mills this past week, participants are contemplating the rationale behind the increases and whether they will stick. Some sources anticipate that current market conditions will shift in November and believe the increases may set a new "pricing floor."

Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.