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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ISM Non-Manufacturing Index: The Institute of Supply Management’s non-manufacturing index increased by 1.3 points month-over-month, (2.3% m/m,) to 57.2 in December 2020.
Construction Put-in-Place (CPIP): Total U.S. construction spending continued to perform well in November 2020, especially in the Private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that November’s three month total, (3MT) construction expenditures grew by 8.0% year on year (y/y), to $383.6 billion (B).
ISM Manufacturing Index:  The Institute of Supply Management’s Index moved up 3.2 points on the month (m/m) to 60.7 for December 2020; this value is stronger than the forecast of 50.  The index has been higher than 55 for five consecutive months (expansion = 50+). The new orders sub-index scored a 67.9.
U.S. Steel Merchant Final Imports: Merchant final imports to the U.S. came in at 33,845 tons in November 2020, decreasing 6% m/m.
U.S. Steel Rebar Final Imports: Rebar final imports to the U.S. came in at 73,683 tons for the month of November 2020, down 12% m/m.
U.S. Fabricated Beam Final Imports: Fabricated beam final imports to the U.S. have been relatively flat over the past three months, coming in at 37,016 tons in November 2020.


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