7,855.06 TL BIST 100 BIST 100
28.92 $ USD USD
€31.16 EUR EUR
38.38 TL Interest Interest
74.67 $ Fossil Oil Fossil Oil
23.80 $ Silver Silver
3.75 $ Copper Copper
132.52 $ Iron Ore Iron Ore
387.00 $ Ship Dismantling Ship Dismantling
1,883.86 TL Gold (gr) Gold (gr)

What happened in the global construction market?

According to Worldsteel's data, while the activity in the construction sector in the USA continued, China's real estate activities continued to decline.

What happened in the global construction market?

United States of America

Strong demand for single-family housing continues. Incentives to stimulate production in the domestic market are increasing factory construction.

Private residential output increased 0.9% month on month and -10.4% year-on-year in June; Construction permits decreased by 3.7% monthly and -15.3% annually. However, single-family housing permits rose 2.4% month on month to their highest level since June 2022.

Private non-residential output was the same in June compared to the previous month and was 21% year-on-year. Spending on private non-residential structures such as factories remained unchanged, with increases in manufacturing and trade offset by declines in power plants and healthcare spending; The Architectural Billing Index (ABI) fell from 51 to 50.1 in May.


As China's real estate activity declines, authorities are pushing the industry to support it with incentives; infrastructure expenditures support the construction industry.

The 3-month moving average, which started in the ground area, decreased annually to -30% in June; floor space sold fell -22% year on year. Railway, road transport and civil aviation grew by 21%, 3% and 10%, respectively, compared to the previous year.


Activity in the Eurozone is stagnant and confidence in the sector is declining.

Eurozone construction increased 0.2% month on month and 0.3% year on year in May; Buildings were up 0.3% month on month and -0.1% year-on-year; Construction activities increased by 0.1% month-on-month, 3.3% year-on-year.

IHS Markit Eurozone Construction PMI decreased from 44.2 in June to 43.5 in July.


The core index of infrastructure industries hit a five-month high in June.

The weighted average production index of eight core industries increased by 8.2% y-o-y in June; steel production increased 22%; cement increased by 9.4% year-on-year.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Innovative trends propel nut coke market amidst metallurgical advancements

Thursday, December 7, 2023

In January wire rod prices will be increased by CSC

Thursday, December 7, 2023

Striking increase in Turkey's scrap exports in October: 151 percent!

Thursday, December 7, 2023

KARDEMİR will establish a 27.3 MW solar power plant in Van

Thursday, December 7, 2023

This week in European steel market!

Thursday, December 7, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now