Market Update





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February 2024

U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 39,203 tons in December 2023, increasing 13% month over month (m/m). Mexico was the largest exporter to the U.S. with 17,914 tons; Canadian imports came in at 16,176 tons. Laredo, TX was the largest receiver of merchants this month, receiving 14,890 tons of the total.
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 48,449 tons in December 2023, decreasing 4% month over month (m/m). Mexico was the largest exporter of fabricated beams with 13,485 tons this month (28%). The Houston-Galveston, TX port was the largest receiver of fabricated beams this month, receiving 9,588 tons.
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 39,348 tons for December 2023, up 15% since last month. South Korea was the largest exporter of beams with 27,744 tons this month (71%). The Houston-Galveston, TX port was the largest receiver of beams this month, receiving 13,799 tons.
­­U.S. Steel Capacity Utilization: The total tonnage for the week ending January 27th was 1.680 million net tons, at a capacity utilization rate of 75.6%. The year-to-date tonnage output is 6.798 million net tons, at an average capacity utilization rate of 76.2%. In 2023, the same output total was 6.452 million net tons, at an average capacity utilization of 72.2%.

January 2024

U.S. Capacity Utilization was 79.5% in September, flat month on month (m/m). Mexico Capacity Utilization was 78.7% in September, up 0.9% month on month (m/m). Canada Capacity Utilization was 79.7% in September, up 0.1% quarter on quarter (q/q).

September 2023

U.S. Steel Capacity Utilization: The total tonnage for the week ending August 28th was 1.733 million net tons, at a capacity utilization rate of 76.2%. The year-to-date tonnage output is 57.748 million net tons, at an average capacity utilization rate of 75.5%. In 2022, the same output total was 61.771 million net tons, at an average capacity utilization of 80.5%.
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