Category: Steel Markets

Construction spending inched higher in November for a second straight month.

The November ABI decreased month over month but was still the third-highest reading of the past two years.

“New commodity-specific tariffs, mainly on steel and aluminum products, could widen price differentials and divert trade flows,” the credit agency forewarned.

The Dodge Momentum Index (DMI) slid further in November as planning for data centers and warehouses continued to decline.

With climbing imports and falling consumption, the Latin American steel industry has had a challenging 2024, according to an Alacero report.

Now that the dust has settled from the US election, as have the immediate reactions in the equity, bond, and commodity markets, this is a prime opportunity to look at how a second Trump presidency might affect the US steel market.

Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

GrafTech International’s third-quarter net loss increased from last year, with the company anticipating continuing weakness in near-term demand for graphite electrodes.

The negative impact of high interest rates on consumer behavior, particularly in the automotive and housing sectors, was the primary driver of the demand weakness seen across the third quarter, according to Cleveland-Cliffs executives.

Primetals Technologies renewed two long-term maintenance service contracts with steel producers in the Americas.

September marked the lowest month for steel imports so far this year, according to preliminary Census data released by the Commerce Department.

In this Insight piece, CRU economists explore the possible economic effects of Trump's and Harris' agendas.

The construction sector added 25,000 jobs in September, driven by labor shortages and improved wages, according to data released by the US Bureau of Labor Statistics.

The amount of steel exiting the country in August reached the highest monthly rate recorded since August 2023.

The World Steel Association (worldsteel) has made significant downward revisions to its Short Range Outlook for global steel demand.

August steel imports totaled 2.38 million short tons (st) according to final data released this week by the US Commerce Departmen

Slowing growth in data center planning caused the Dodge Momentum Index (DMI) to pull back in September. The decline followed five months of growth after the index hit a two-year low in March.

Construction spending in the US declined for a third month in August but showed an increase year over year (y/y). The US Census Bureau estimated construction spending to be $2.131 trillion in August on a seasonally adjusted annual rate (SAAR). While this was 0.1% below July’s revised spending rate, it was 4.1% higher than spending […]

Steel mill output around the world totaled 144.8 million metric tons (mt) in August, the lowest monthly rate of 2024.

The August Architecture Billings Index (ABI) continued to indicate weak business conditions amongst architecture firms through August, according to the American Institute of Architects (AIA) and Deltek.

Domestic raw steel mill production eased last week but remains at a healthy rate, according to the latest release from the American Iron and Steel Institute (AISI).

The US plate market finds itself in unfamiliar territory, well maybe unfamiliar territory for this side of the post-Covid “normal,” that is.

Raw steel output by US mills ticked up slightly last week, according to the latest data from the American Iron and Steel Institute (AISI).

July represents the second-lowest monthly rate for steel imports so far this year.

This CRU Insight explores how decarbonization will play a significant role in redefining steel trade patterns by shifting regional competitiveness and increasing steel demand needs.

Leading industry analysts on Monday discussed steel prices and how they will be impacted by trade policy, consolidation, mill discipline, November’s elections, and more.

Having risen for three weeks in a row, weekly production is now at the highest rate seen since February 2023.

Global steel output fell 5% in July according to World Steel Association’s (worldsteel) latest release. Total steel mill production around the world tallied up to 152.8 million metric tons (mt) for the month of July, the second-lowest monthly rate seen this year.

Swampy. Sticky. Mushy. Murky. These were all words galvanized buyers used this week to describe the current state of the US steel market.

Oil and gas drill rig activity in the US inched lower last week while holding steady in Canada, according to the latest report from oilfield services provider Baker Hughes.