Market Data
February 19, 2026
Written by Laura Miller
The AIA/Deltek Architecture Billings Index (ABI) tumbled in January, as business softened further at architectural firms across the US.
Since October 2022, the ABI, a 9- to 12-month leading indicator for nonresidential construction, has been below 50, indicating contraction in billings.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.
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.
Domestic raw steel output recovered after seeing significant swings in the prior two weeks, according to the latest AISI figures.
The latest tally of active drilling rigs increased in both the US and Canada this week, according to oil and gas rig count data published by Baker Hughes.
Recycler forward expectations swung toward oversupply in September as inventory drawdowns eased and export demand lost August’s improving responses.