Construction spending indicators weaken: Part 2
Construction spending indicators show softer architecture billings and private construction spending despite strength in several large project categories.
Construction spending indicators show softer architecture billings and private construction spending despite strength in several large project categories.
US construction indicators show large projects supporting planning and starts even as contractor backlog and broader commercial activity lose momentum.
A new US aluminum trade group is seeking lower costs on primary metal while backing duties on competing finished imports.
We had another choppy week in the various markets leading to the Labor Day holidays.
August survey results showed stronger demand alongside shorter measured lead times, while imports became more competitive and forward expectations moved toward balance.
It was a very hectic week in a number of markets, but not so much in the ferrous and nonferrous metals space.
AMU’s July survey found recyclers expecting lower Midwest Premium and UBC prices while demand softened, inventories declined and forward views remained mixed.
AMU’s July survey showed selective lead-time pressure in sheet and billet while transportation-focused respondents expressed stronger concern about future supply.
Matalco recorded its highest quarterly recycled aluminum production since the Canton closure began, while Rio Tinto's primary output held nearly steady and US shipments decreased.
AMU's June survey showed weaker demand, fewer extending lead times and less inventory building, though respondents largely stopped short of forecasting an oversupplied market.