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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Architectural Billings Index: August 2021’s national Architectural Billings Index of 55.6 was down 1.0 point from July’s 56.6, which is within the expansionary zone, (>50). U.S. architecture firms specializing in institutional, multifamily residential, and commercial / industrial facilities all reported an increase in design activity in August.
U.S. Steel Rebar Final Imports: Final rebar imports to the U.S. came in at 91,076 tons for the month of July 2021, down 15% m/m. Mexico was the largest exporter of rebar with 34,366 tons this month. Algeria was a close second with 33,299 tons. Russia was the third-largest rebar exporter with 8,388 tons (only their third month this year exporting to the US.)
U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 46,185 tons in July 2021, increasing 4% month over month (m/m). When looking at the current year, we see that imports reached their peak this month, and are at the highest level reported since January 2019.
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 43,339 tons in July 2021, declining 9% month over month (m/m). Mexico was the largest exporter of fabricated beams with 14,995 tons this month (35%).
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 39,122 tons for July 2021- up 42% since last month - and the highest number of beam imports reported in 2021. South Korea was the largest exporter of beams with 17,859 tons this month (46%).
Producer Price Index:  The U.S. Bureau of Labor Statistics’ Producer Price Index (PPI) for final demand grew 0.7% in August 2021, following the 1.0% increase in July. Prices for final demand services grew 0.7% while the index for final demand goods moved up by 1.0%. The final demand index moved up by 8.3% for the 12-month period ending in August, which was the largest advance since the 12-month data were first collected in November 2010.


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