Steel Market Update got the following from a steel trading company located in Canada: China has had 3 months of increases on galvanized, Galvalume and cold rolled coil. They expect another $15.00/MT increase with offers for Nov. rolling. (These will be announced 18-20 Sept). Taiwan is sticking to achieving higher than market price. Buyers are […]
WASHINGTON, D.C., September 11, 2013 – Four key trade associations representing the steel stud industry have joined together to promote the use of cold-formed steel framing in construction. Representatives from the Steel Stud Manufacturers Association (SSMA); the Steel Framing Industry Association (SFIA); the Certified Steel Stud Association (CSSA); and the Steel Market Development Institute (SMDI), […]
Construction in Canada continues to trend upward according to figures released September 9 by Statistics Canada. Total construction permit values rose 20.7 percent to $8 billion in July. Canadian housing permit values for single and multifamily housing in July rose by 4.1 percent and 4.2 percent, respectively. Gains for single family homes failed to […]
According to Baker Hughes data from September 6th, 2013, the U.S rig count for this week is 1,767 rigs exploring for or developing oil or natural gas. This count is a decrease of 9 rigs when compared to last week, with oil rigs down 23 to 1,365 rigs, gas rigs up 14 to 394 rigs, […]
North American auto sales appeared to be healthy in August. The big five auto makers reported the following sales totals for August: GM reported a 22 percent increase in retail sales. GM specifically reported that Cadillac was up 38 percent, Buick up 37 percent, GMC up 14 percent, and Chevrolet up 10 percent. GM’s August […]
On the first working day of each month the Commerce Department releases construction expenditure data for the month before last. For example, on September 3rd the July data was released. This data known as CPIP, (Construction put in place) differs from commercially available data which to the best of our knowledge always measures construction starts. […]
According to Baker Hughes data from August 30th, 2013, the U.S rig count for this week is 1,776 rigs exploring for or developing oil or natural gas. This number is unchanged when compared to last week, with oil rigs up 6 to 1,388 rigs, gas rigs down 7 to 380 rigs, and miscellaneous rigs up […]
AGC of America Press Release – August 23, 2013 Construction employment gains spread to more metropolitan areas between July 2012 and July 2013 than in previous months but full recovery remained elusive as only a few areas have exceeded pre-recession employment records, according to a new analysis of federal employment data released today by the […]
Existing home sales in February are at their highest level since November 2009 according to data released by The National Association of Realtors. Existing home sales increased 0.8 percent to a seasonally adjusted rate of 4.98 million in last month, a 10.2 percent increase over the level seen in February 2012. Prices have also shown […]