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.

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U.S. Steel Rebar Final Imports: Final rebar imports to the U.S. came in at 225,251 tons for the month of May 2022, up 120% m/m. Turkey was the largest exporter of rebar with 104,662 tons this month (47%). The Houston-Galveston, TX port was the largest receiver of rebar this month, receiving 103,782 tons.
U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 46,509 tons in May 2022, increasing 4.9% month over month (m/m). Canada was the largest exporter to the U.S. with 28,421 tons; Mexican imports came in at 15,585 tons. Detroit, MI was the largest receiver of merchants this month, receiving 18,272 tons of the total.
Advance Durable Goods Orders: The U.S. Census Bureau reported that new orders for durable goods in June 2022 increased by 1.9% month on month (m/m) to $272.6M, following the 0.8% increase in May. The always-volatile nondefense aircraft orders, up 51.5% y/y, influenced this trend significantly.
U.S. Capacity Utilization was 79.9% in March, up 0.5% month on month (m/m). On a year on year (y/y) comparison, the capacity utilization was a modest +5.0%.
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 65,180 tons in May 2022, increasing 23% month over month (m/m). Mexico was the largest exporter of fabricated beams with 16,534 tons this month (25%). The Houston-Galveston, TX port was the largest receiver of fabricated beams this month, receiving 12,065 tons.
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 23,040 tons for May 2022, down 1.3% since last month. The United Arab Emirates (UAE) was the largest exporter of beams with 6,668 tons this month (29%). The Philadelphia, PA port was the largest receiver of beams this month, receiving 4,440 tons.
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