The U.S. Census Bureau reported that; new orders for durable goods orders increased by 2.4% month on month, (m/m) in December, following the 3.1% decrease in November. The always-volatile nondefense aircraft orders, decreasing 74.7% m/m and down 41.6% y/y influenced this trend significantly. The Advance Report on Durable Goods (DG), provides statistics on manufacturers' value [...]
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December ABI national overall score of 52.5 was up 0.6 points from November’s 51.9, which is slightly over the expansionary zone, (>50). U.S. architecture firms specializing in commercial and industrial facilities likewise reported an increase design activity in December, coming on the heels of a significant upturn in November. Firms concentrating in the multifamily either [...]
On a three month moving average, (3MMA) basis, December total carbon steel shipments averaged 115,400 tons per day, compared to 126,000 tons per day in December 2018 (-3.8 % year on year, YoY). Overall carbon steel inventory is down 14.0% YoY. Figure 1 shows percentage change results for shipments, daily intake and inventory level. In [...]
Total U.S. construction spending continued to perform well in December 2019, especially in the state and local sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that December’s twelve month total, (12MT) construction expenditures grew by 5.7% year on year (y/y), to $1371.2 billion (B). On a 12MT basis, private expenditures advanced 4.5% [...]
Figure 1 breaks down total final fabricated beam imports from January 2018 – October 2019. When comparing year to date figures from 2018 and 2019. Fabricated Beam final imports to the U.S. were down 8% YoY, and down 4% MoM in October 2019, coming in at 37,899 tons. Figure 2 also charts the [...]
The Institute of Supply Management’s Index moved down 0.9 points on month, (m/m) to 47.2 for December 2019. This value is a discouraging sign for the manufacturing sector. The index has been greater than 50, (>50 = expansion) for thirty-three consecutive months. The new orders sub-index scored a 46.8. Overall, the ISM manufacturing index is [...]
The total tonnage for the week ending January 11th was 1,923 million net tons, at a capacity utilization rate of 82.5%. The first time the capacity utilization has been under 82 percent since the week of April 13th, 2019. The year to date tonnage output is 3,821 million net tons, at an average capacity utilization [...]
Merchant final imports to the U.S. came in at 34,165 tons in October 2019, up 40.2%% month over month (m/m). Figure 1 further breaks down total final beam imports from January 2019 – October 2019. When comparing year to date figures, it shows that beam imports peaked in October 2019 with 34,165 tons of imports [...]
Rebar final imports to the U.S. came in at 61,469 tons for the month of October 2019. Rebar imports include: concrete reinforcing bars and rods of iron or non-alloy steel, in irregularly wound coils hot-rolled, concrete reinforcing bars and rods of other alloy steel, not further worked than hot-rolled, hot-drawn or extruded, and other bars and [...]
Beam final imports came in at 24,268 tons for October 2019, up 31.2% m/m. These include: Angles, Shapes and H Sections, Angles, Shapes and I Sections, Angles H Sections Iron and Non-Alloy Steel Hot-rolled, and Other H Sections. Figure 1 further breaks down total final beam imports from January 2019 – October 2019. When comparing year [...]