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. Manufacturing Capacity Utilization

July 17th, 2019|Comments Off on U.S. Manufacturing Capacity Utilization

Manufacturing capacity utilization (MCU), scored a 75.87% in June, up 0.3% month on month, (m/m), its second monthly increase for the year. On a year on year (y/y) comparison the MCU was a modest 0.44%. [...]

Oil and Gas Rotary Rig Counts

July 15th, 2019|Comments Off on Oil and Gas Rotary Rig Counts

The total number of operating rigs in the U.S. the week as of July 12th was 784 oil and 172 gas (totaling 956). In percentage terms, on a month on month, (m/m) basis, oil rigs [...]

U.S. Industrial Production

July 12th, 2019|Comments Off on U.S. Industrial Production

The June Industrial production, (IP) report remains flat MoM for the month at 109.6. On a year on year, (y/y) basis, the IP index was up 2.0%. Prospects for continued growth in 2018 look promising [...]

Advanced Durable Goods Orders

July 11th, 2019|Comments Off on Advanced Durable Goods Orders

The U.S. Census Bureau reported that; new orders for durable goods orders decreased by 1.3% month on month, (m/m) in May, following the 2.8% decrease in April. The always-volatile nondefense aircraft orders, decreasing 28.2% m/m [...]

U.S. Steel Capacity Utilization

July 9th, 2019|Comments Off on U.S. Steel Capacity Utilization

The total tonnage for the week ending July 6th  was 1,847 million tons, (Mt) at a capacity utilization rate of 79.4%. The first time the capacity utilization has been under 80 percent since the week [...]

U.S. Service Center Shipments

July 9th, 2019|Comments Off on U.S. Service Center Shipments

On a three month moving average, (3MMA) basis, May total carbon steel shipments averaged 143,800 tons per day, compared to 155,400 tons per day in May 2018 (-7.5 % year on year, YoY). Overall carbon [...]