Domestic raw steel production increased sharply again last week, now up seven out of the last eight weeks. U.S. mills produced an estimated 1,785k tons at a 79.5% utilization rate; this is up from 1,757k tons and a 78.2% rate previously.
Domestic raw steel production increased sharply again last week, now up six out of the last seven weeks. U.S. mills produced an estimated 1,757k tons at a 78.2% utilization rate; this is up from 1,744k tons and a 77.6% rate previously.
After sliding for five consecutive months, confidence of U.S. consumers rebounded in May. The May Consumer Confidence Index came in 98.0, up 12.3 points from April.
After sliding the first two months of the year, new home sales have now increased in back-to-back months. New home sales came in at a 743,000 unit rate in April, up 10.9% from March and up 3.3% from the 719,000 unit rate in April 2024.
