U.S. Steel Rebar Final Imports: Final rebar imports to the U.S. came in at 124,900 tons for the month of May 2024, down 4% m/m. Egypt was the largest exporter of rebar with 49,331 tons this month (39%). The Houston-Galveston, TX port was the largest receiver of rebar this month, receiving 58,329 tons.

U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 43,560 tons in May 2024, decreasing 4% month over month (m/m). Mexico was the largest exporter to the U.S. with 19,356 tons; Canadian imports came in at 16,381 tons. Laredo, TX was the largest receiver of merchants this month, receiving 15,854 tons of the total.

U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 58,591 tons in May 2024, decreasing 11% month over month (m/m). Canada was the largest exporter of fabricated beams with 14,923 tons this month (25%). The Laredo, TX port was the largest receiver of fabricated beams this month, receiving 8,336 tons.

U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 45,486 tons for May 2024, up 9% since last month. South Korea was the largest exporter of beams with 23,283 tons this month (51%). The Houston-Galveston, TX port was the largest receiver of beams this month, receiving 18,941 tons.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index decreased by 5.0 points month on month (-9.3% m/m) to 48.8 in June 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down -0.4% (m/m) to 48.5 for June 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 49.3. The reading pointed to a third straight month of falling manufacturing activity and the lowest since February, as demand was weak again, output declined, and inputs stayed accommodative.