Manufacturers/End Users
November 15, 2024
Written by David Schollaert
According to data from the US Bureau of Economic Analysis, US light-vehicle (LV) sales accelerated to an unadjusted 1.33 million units in October, a rise of 1.7% from September and 10.6% from a year ago.
On an annualized basis, LV sales were 16.0 million units in October, up from 15.7 million units the month prior and well ahead of a consensus forecast of 15.6 million.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
The Chicago Business Barometer rebounded in September, returning to expansion after slipping into contraction in August.
The overall mill negotiation rate ticked up slightly this week, but the overwhelming majority of buyers are still finding mills inflexible on price, according to our latest survey data.
The latest Manufacturing PMI Report from the Institute for Supply Management (ISM) shows the US manufacturing sector experienced growth in September, albeit at a slightly lower pace than in the month before.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.