Market Update





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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%.

August 2023

U.S. Steel Rebar Final Imports: Final rebar imports to the U.S. came in at 213,106 tons for the month of June 2023, up 172% m/m. Algeria was the largest exporter of rebar with 103,683 tons this month (49%). The Houston-Galveston, TX port was the largest receiver of rebar this month, receiving 87,811 tons.
U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 50,246 tons in June 2023, increasing 16% month over month (m/m). Mexico and Canada, combined, account for 89% of the total this month. Laredo, TX was the largest receiver of merchants this month, receiving 24,796 tons of the total.
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 76,067 tons in June 2023, increasing 18% month over month (m/m). Mexico was the largest exporter of fabricated beams with 17,313 tons this month (23%). The Houston-Galveston, TX port was the largest receiver of fabricated beams this month, receiving 11,993 tons.
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 34,010 tons for June 2023, up 82% since last month. South Korea was the largest exporter of beams with 18,852 tons this month (55%). The Los Angeles, CA port was the largest receiver of beams this month, receiving 12,425 tons.
U.S. Steel Capacity Utilization: The total tonnage for the week ending July 29th was 1.749 million net tons, at a capacity utilization rate of 76.9%. The year-to-date tonnage output is 50.795 million net tons, at an average capacity utilization rate of 75.3%. In 2022, the same output total was 54.803 million net tons, at an average capacity utilization of 80.7%.
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