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.

U.S. Steel Capacity Utilization

July 17th, 2018|Comments Off on U.S. Steel Capacity Utilization

The total tonnage for the week ending July 14th was 1,783 million tons, (Mt) at a capacity utilization rate of 776.1%. For the first 28 weeks of 2018, total tonnage output was 49,435 Mt, at [...]

Oil and Gas Rotary Rig Counts

July 14th, 2018|Comments Off on Oil and Gas Rotary Rig Counts

The total number of operating rigs in the U.S. the week as of July 13th was 1,054 with 863 oil rigs and 189 gas. In percentage terms, on a month on month, (m/m) basis, oil [...]

ISM Manufacturing Index

July 7th, 2018|Comments Off on ISM Manufacturing Index

The Institute of Supply Management’s Index moved up 1.5 points on month, (m/m) to 60.2 for June 2018. This value is an encouraging sign for the manufacturing sector. The index has been greater than 50, (>50 [...]

ISM Non-Manufacturing Index

July 6th, 2018|Comments Off on ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index increased by 0.5 of a point month on month, (m/m) to a still very strong 59.1 in June. The indexes is off strong start in 2018, up [...]

Construction Put-in-Place, (CPIP):

July 5th, 2018|Comments Off on Construction Put-in-Place, (CPIP):

Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in May, especially in the federal sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that May’s twelve month total, (12MT) construction [...]

Consumer Confidence

June 25th, 2018|Comments Off on Consumer Confidence

The Consumer confidence index increased by 2.4 points in May according to the Conference Board. The index now stands at 128.0. Bloomberg reports that a strong job market influenced the views on the current state [...]