SFIA Quarterly Market Data and Nonresidential Volume Report for Cold-Formed Steel

SECOND QUARTER 2020

In the midst of a historic disruption to the economy caused by the COVID-19 pandemic, the cold-formed steel framing industry reports an 11 percent decline in manufacturing volume for the second quarter of 2020, and an 8 percent decline for the first six months of 2020 compared with the first half of 2019.  Total tons manufactured in 2Q 2020 were 248,546, according to the latest Quarterly Market Data Report released by the Steel Framing Industry Association (SFIA).  Volume of Structural products manufactured in the second quarter fell 8 percent to 125,090 tons versus the first quarter of the year, while manufacturing of Nonstructural products dropped 13 percent in the second quarter.  

Structural products are typically used for load bearing applications, such as exterior walls, lateral force resisting systems, floors and roofs.  Applications for Nonstructural products generally include framing for non-load bearing walls, soffits, and backing for architectural finishes.

The complete publication containing data and analysis, including results of a survey of market sentiment, is available for purchase at this Link.  SFIA members can access the current and historical data and analysis reports for free by signing in to the members-only site here.


 About the Reports

The cold-formed steel stud industry is a good leading indicator of non-residential construction demand. Companies in the industry typically produce two major categories of materials, structural studs which are generally installed early in the process as the building shell is being built, and nonstructural studs which are typically used to frame interior walls and similar systems closer to the end of construction. Movements in manufacturing volumes of these products can provide some insight into the current stage of the market cycle.

This report provides buyers and users of cold-formed steel framing in the United States with an industry-wide statistical quarterly summary of the volume of steel (in raw tons before processing) used to produce studs, track, joists, angle, furring channel, hat channel, flat steel, Z furring, clips, purlins, girts, resilient channel, cold-rolled channel, cold-formed truss components, and special cold-formed shapes.  Data is reported for four regions in the United States:  West, North Central, South Central, and East. 

The report is available in two formats:

Quarterly Market Data Report, providing a statistical summary by region and application (Structural and Nonstructural products)

Quarterly Nonresidential Volume Report, which offers the statistical summary along with comparative data for the nonresidential market, and indicators that provide a view of the prevailing sentiment in the market.

 

All reports are available at SFIAData.com.