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.

US Service Centers Inventory and Shipments

February 17th, 2017|Comments Off on US Service Centers Inventory and Shipments

Service Center intake experienced a great increase in the last three months average y/y, with products such as Carbon Plate, seeing growth as high as 30.3%. This y/y growth serves as a good indicator for the [...]

China Domestic Steel Prices

February 16th, 2017|Comments Off on China Domestic Steel Prices

China's domestic prices continue to rise for the week ending February 15th, with Rebar 20mm experiencing the greatest increase week over week of $26.81/ton and Channel #16 experiencing the lowest increase w/w of $20.23/ton. Although [...]

Construction-Put-In-Place

February 15th, 2017|Comments Off on Construction-Put-In-Place

  Overall, total momentum is positive in both the Private and State/Local sectors with momentum of 5.6% and 1.2% respectively. The federal construction spending has a negative momentum, but proportionally is less than 2% of [...]

US Steel Production and Capacity Utilization

February 14th, 2017|Comments Off on US Steel Production and Capacity Utilization

Steel utilization rates continue to steadily increase in 2017 showing optimism for a higher demand and an increase in overall production. Referencing the chart below we can see that the industry is in a much [...]

ISM Manufacturing

February 13th, 2017|Comments Off on ISM Manufacturing

The Institute for Supply Management’s manufacturing index for January rose to 56.0, up 1.3 points m/m, beating analyst expectations and its best showing for all of 2016. New orders jumped from 60.2 to 60.4 in [...]

US Oil Inventories & WTI Crude Prices

February 12th, 2017|Comments Off on US Oil Inventories & WTI Crude Prices

US oil production increased by 13.8 million barrels from the week of January 27th (494.8 million barrels) to February 3rd (508.6 million barrels). The Energy Information Administration released that this was the second largest weekly [...]