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.

Oil and Gas Rotary Rig Counts

January 7th, 2019|Comments Off on Oil and Gas Rotary Rig Counts

The total number of operating rigs in the U.S. the week ending December 31st was 1,048 with 860 being oil and 186 gas. In percentage terms, on a month on month, (m/m) basis, oil rigs were [...]

Currency Report

January 6th, 2019|Comments Off on Currency Report

The dollar Broad Index posted a reading of 103.0419 for December, up 1.1% month on month. On a twelve moving average, year on year, (y/y) comparison, the Broad Index was up 6.4%. Table 1 lists [...]

ISM Non-Manufacturing Index

January 6th, 2019|Comments Off on ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index increased by 0.4 of a point month on month, (m/m) to a strong 60.7 in December. The indexes remain strong in 2018, up 3.0% 3MMA y/y. The [...]

The Baltic Dry Index

January 5th, 2019|Comments Off on The Baltic Dry Index

The Baltic Dry Index (BDI), for December tumbled 353 points to 1,192 month on month (m/m), a 22.8% decline. Changes on a m/m comparison can be exhibit wild swings as was the case in November. When [...]

ISM Manufacturing Index

January 4th, 2019|Comments Off on ISM Manufacturing Index

The Institute of Supply Management’s Index moved up 1.6 points month on month, (m/m) to 59.3 for December 2018. This continues the trend of the index being greater than 50, (>50 = expansion), now for 27 [...]

U.S. Steel Capacity Utilization

January 3rd, 2019|Comments Off on U.S. Steel Capacity Utilization

The total tonnage for the week ending January 1st was 1,906 million tons, (Mt) at a capacity utilization rate of 81.3%, which is the seventh consecutive month where the utilization has been over 80%. For the [...]