Market Update





The Gerdau Market Update tracks and analyzes over 100 data streams that affect long steel consumption, attempting to provide the latest on market trends. Below, you will find the most recent information about Macroeconomics, Steel Econometrics, Construction and Manufacturing as it becomes available.

View Block
U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 73.8% in March 2021, up 2.7% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest +3.4%.
Advance Durable Goods Orders: The U.S. Census Bureau reported that new orders for durable goods in March 2021 increased by 0.5% month on month (m/m) to $256.3M, following the 0.9% decrease in February. The always-volatile nondefense aircraft orders, up 1000+% y/y, influenced this trend significantly.
Architectural Billings Index: March 2021’s National Architectural Billings Index of 55.6 was up 2.3 points from February’s 53.3, which is within the expansionary zone, (>50). U.S. architecture firms specializing in multifamily residential, institutional, and commercial / industrial facilities all reported an increase in design activity in March.
­­U.S. Steel Capacity Utilization: The total tonnage for the week ending March 27th was 1,760 million net tons, at a capacity utilization rate of 77.6%. The year-to-date tonnage output is 22,510 million net tons, at an average capacity utilization rate of 76.5%. In 2020, the same output total was 24,515 million net tons, at an average capacity utilization of 80.9%.
Oil and Gas Rotary Rig Counts:  The total number of operating rigs in the U.S. as of March 26th was 324 oil and 92 gas (totaling 416). In percentage terms, on a month on month (m/m) basis, oil rigs were up 4.9% and gas was flat. Looking at year over year (y/y), rigs were down 48.1% for oil and down 9.8% for gas. The combined figure for y/y was -42.7%, or -311 rigs.
Oil and Gas Rotary Rig Counts:  The total number of operating rigs in Canada as of March 26th was 31 oil and 50 gas (totaling 81). In percentage terms, on a month on month (m/m) basis, oil rigs were down 66.3% and gas down 29.6%. On a year on year (y/y) comparison, rigs were up 72.2% for oil and up 38.9% for gas. The combined figure for y/y was +50.0%, or +27 rigs.
a

Subscribe

To subscribe to the Market Update emails, please fill the form below.