Steel Products
April 29 SMU Community Chat to Focus on Construction Market
Written by Tim Triplett
April 27, 2020
Steps to contain the spread of COVID-19 have dealt a serious blow to construction, which is the largest market for steel. Construction will be the focus of this week’s SMU Community Chat.
Two out of three construction executives responding to an April 20-23 survey by the Associated General Contractors of America reported that they are experiencing project delays and disruptions due to owner-ordered cancellations and shortages of construction materials, personal protective equipment and skilled workers.
There are many questions regarding how COVID-19 is going to impact the residential, commercial and other forms of construction both in the near term, as well as 12-24 months out into the future. Join us on Wednesday, April 29, as we ask the tough questions, and get answers from the Chief Economist for the AGC.
Simonson will offer more details on AGC’s findings and his forecast as this week’s guest speaker for SMU’s Community Chat, set for 11 a.m. Eastern Time on Wednesday, April 29. The 45-minute webinar is free and open to all. To register, click here.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
CMC to open rebar fabrication facility in Ohio
Longs producer and metal recycler CMC plans to open a new rebar fabrication plant in Akron, Ohio.
US and Mexico take action to curb ‘unfair’ trade
The US and Mexico announced measures on Wednesday to prevent tariff evasion and protect North America’s steel and aluminum industries.
Final thoughts
First off, we hope everyone had a safe and happy July 4th holiday, with fireworks seen and BBQs attended. Many parts of the country are quite toasty at the moment, signaling that, yes, summer has indeed arrived. And looking at our most recent survey results, the summer doldrums have arrived as well.
Active rig counts recover in US, slip in Canada
US drill rig activity moved back up last week after drifting lower for four straight weeks. Meanwhile, Canadian counts slipped for the first time after a seven-week rally, according to the latest data from Baker Hughes.
AISI: US steel shipments up in May from April, off from 2023
Domestic steel shipments increased in May month over month but have fallen on-year.