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 102,452 tons for the month of April 2022, down 37% m/m. Mexico was the largest exporter of rebar with 35,274 tons this month (34%). The Laredo, TX port was the largest receiver of rebar this month, receiving 24,224 tons.
U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 44,355 tons in April 2022, decreasing 15% month over month (m/m). Canada was the largest exporter to the U.S. with 25,429 tons; Mexican imports came in at 14,990 tons. Detroit, MI was the largest receiver of merchants this month, receiving 16,988 tons of the total.
Advance Durable Goods Orders: The U.S. Census Bureau reported that new orders for durable goods in May 2022 increased by 0.7% month on month (m/m) to $267.2M, following the 1.5% decrease in April. The always-volatile nondefense aircraft orders, up 71.7% y/y, influenced this trend significantly.
U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 79.1% in May 2022, down 0.1% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest +4.48%.
Architectural Billings Index: May’s 2022 national Architectural Billings Index of 53.5 was down 3.0 points from April’s 56.5, which is within the expansionary zone, (>50). U.S. architecture firms specializing in multifamily residential and Institutional all reported an increase in design activity in May.
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 53,089 tons in April 2022, decreasing 25% month over month (m/m). Mexico was the largest exporter of fabricated beams with 17,285 tons this month (33%). The Laredo, TX port was the largest receiver of fabricated beams this month, receiving 9,814 tons.
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