Steel Markets

Dodge Momentum Index Tumbles in October
Written by Sandy Williams
November 7, 2018
The Dodge Momentum Index moved lower in October, dropping 4.2 percent from September to a reading of 150.5. The index, published by Dodge Data & Analytics, is a monthly measure of the first report for nonresidential projects in planning, which have been shown to lead construction spending by a full year.
Commercial and institutional planning both declined in October resulting in the overall index decline. Planning for commercial projects fell 4.9 percent from September and institutional planning fell 3.1 percent.
“This is consistent with the view that the commercial building sector is approaching a peak and should begin to gradually ease back over the coming year,” wrote Dodge Data & Analytics. “The institutional component, meanwhile, has been relatively more stable due to the availability of public funds for projects such as schools and airport terminals.”
Ten projects valued at $100 million or more entered the planning phase in October.
Below is a graph showing the history of the Dodge Momentum Index. You will need to view the graph on our website to use its interactive features; you can do so by clicking here. If you need assistance logging in to or navigating the website, please contact Brett at Brett@SteelMarketUpdate.com.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets

SSAB Americas reports higher Q2 production and shipments
Despite improved operating results, SSAB Americas' second-quarter and H1’25 profits fell short of those of last year.

Global steel production slips in June
The total volume of raw steel produced around the globe fell by 5% from May to June, according to recent data published by the World Steel Association (worldsteel).
Market sentiment shows improvement: PMA Business Conditions Report
Metalforming manufacturers say they’re more confident that near-term economic conditions are improving

Galvanized steel prices and demand remain stagnant in July: HARDI
Galvanized steel prices ping-ponged in the $50/hundredweight range during the month of July, settling in at roughly the same position as in June.

USW cheers Evraz NA agreement with Atlas Holdings
The United Steelworkers (USW) labor union celebrated recent news of the signed agreement between Atlas Holdings and Evraz NA in which the Connecticut-based private equity company said it plans to acquire North America’s Evraz facilities.