Steel Markets
November 2, 2020
Construction Put in Place Data for September
Written by Peter Wright
Construction is slowing, but still has positive growth driven by state and local building and infrastructure expenditures. Privately funded work is contracting. In September, construction expenditures reached an all-time high and on a three-month moving average (3MMA) basis were only slightly lower than April 2020.
Steel Market Update analyzes the Commerce Department’s Construction Put in Place (CPIP) data to provide a detailed description of activity that accounts for about 45 percent of total U.S. steel consumption. See the end of this report for a description of how we perform this analysis and structure the data.
