Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

Change font size:   

November 2019 | North American Steels


Long product prices fall further but are likely at or close to the bottom: US Long Product Highlights


The American Institute of Architects’ architecture billings index remained in negative territory for the second consecutive month at 49.7 points for September, indicating a contraction of nonresidential construction activity.

While US long product prices were down almost universally over the past month, Fastmarkets AMM research believes that they are finally at, or at least very close to, the bottom. We forecast a slight pickup in prices across the board, although any significant increases might be difficult to impose before early next year given that this is the time of the year when construction activity traditionally tapers off and when service centers tend to work down their inventories.

The American Institute of Architects’ architecture billings index remained in negative territory for the second consecutive month at 49.7 points for September, indicating a contraction of nonresidential construction...

ACCESS RESTRICTED

To read the rest of this analysis please take a free sample or subscribe


FREE Sample


Receive a free sample of  market analysis and price forecasts.

Free Sample

SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?