Steel Market Update received a surprise the other day when Construction Management Degree (www.ConstructionManagementDegree.com), a website dedicated as an online resource for students looking to expand their education within the management segment of the construction industry, recognized SMU as one of the top 100 construction-related websites online. The list was compiled as a service to […]
Written by: Sandy Williams Commercial Metals Company announced first quarter net earnings ending November 30, 2012, of $49.7 million, down from $107.7 million at the end of November 2011. Results were partially attributed to a drop in profit from CMC’s Americas Recycling segment which saw lower demand that affected ferrous and nonferrous pricing and volumes. […]
After months of uncertainty related to governmental policies and the fiscal cliff negotiations (or lack thereof) combined with normal end of the year seasonal factors, steel buyers and sellers finished 2012 in the Optimistic range of the SMU Steel Buyers Sentiment index. During the first week of 2013 those same buyers and sellers were slightly […]
Written by: Sandy Williams Construction spending in November decreased to a seasonally adjusted annual rate of $866.0 billion, down 0.3 percent from the revised October estimate of $868.2 billion according to data released by the Department of Commerce on Wednesday. “Preliminary data from the Census Bureau for November shows overall construction spending slipped 0.3 percent […]
Financial Markets Who knew it was so easy, all the Republicans had to do was to agree to over $600 bln in tax increases, kick the can down the road on spending cuts by 2-3 months and voila!; No Fiscal Cliff! And with that the markets were off. The SP has gained 60 points in […]