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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Advance Durable Goods Orders: The U.S. Census Bureau reported that new orders for durable goods in December 2022 increased 5.6% (m/m) to $286.8M, following the 1.7% decrease in November. The always-volatile nondefense aircraft orders, up 52.8% y/y, influenced this trend significantly.
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 59,590 tons in November 2022, increasing 2% month over month (m/m). Mexico was the largest exporter of fabricated beams with 19,884 tons this month (33%). The Laredo, TX port was the largest receiver of fabricated beams this month, receiving 12,254 tons.
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 24,028 tons for November 2022, down 59% since last month. South Korea was the largest exporter of beams with 12,987 tons this month (54%). The Columbia-Snake, OR port was the largest receiver of beams this month, receiving 11,522 tons.
U.S. Capacity Utilization was 80.1% in September, up 0.3% month on month (m/m). On a year on year (y/y) comparison, the capacity utilization was a modest +2.63%.
Architectural Billings Index: December’s 2022 national Architectural Billings Index of 47.5 was up 0.9 points from November’s 46.6, which is below the expansionary zone, (>50). U.S. architecture firms specializing in multifamily residential and Commercial/Industrial all reported a decrease in design activity in December.
Producer Price Index: The U.S. Bureau of Labor Statistics’ Producer Price Index (PPI) for final demand decreased 0.5% in December 2022 (seasonally adjusted), following the 0.2% increase in November. The index for final demand goods moved down 1.6% in December, while the index for final demand services edged up 0.1% after a 0.2% increase in November. Nearly half of the December decrease in the index for final demand goods can be traced to a 13.4-percent decline in prices for gasoline.
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