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.

Producer Price Index for Construction

October 13th, 2017|Comments Off on Producer Price Index for Construction

The U.S. producer prices index (PPI), for all commodities was up 0.4% in September. On a 12 months year on year, (y/y) comparison, the all commodities PPI rose 3.6%. The all commodities index has moved [...]

China Domestic Prices

October 13th, 2017|Comments Off on China Domestic Prices

China Metals Weekly (CMW), October 12th newsletter reported that for long products prices rose across the board on a week over week basis from 0.7% for 6.5mm wire rod to 1.4% for 25# beams. On [...]

U.S. Infrastructure Spending

October 12th, 2017|Comments Off on U.S. Infrastructure Spending

Referencing data from the U.S. Census Bureau’s construction put-in-place (CPIP) shows that total infrastructure spending, (not seasonally adjusted in constant 2009 dollars) decreased by 4.5% three months year on year, (y/y) to $49.4 billion, (B). [...]

Consumer Credit

October 12th, 2017|Comments Off on Consumer Credit

Total consumer credit increased by $13.10 billion, (B) in August, well off analysts’ expectations of $16B. Non-revolving credit moved-up by $7.3B, while revolving credit advanced by $5.8B. Consumer credit increased at a seasonally adjusted annual [...]

U.S. Steel Capacity Utilization

October 11th, 2017|Comments Off on U.S. Steel Capacity Utilization

The total tonnage for the week ending October 7th was 1,741 million tons, (Mt) at a capacity utilization rate of 74.7%, 1.5 percentage points higher than the previous week. On a four moving average, (4WMA) [...]

Employment New Jobless Claims

October 10th, 2017|Comments Off on Employment New Jobless Claims

The series of Hurricane’s Harvey, Irma and Maria are causing a lot of volatility in initial claims for unemployment insurance benefits. For the week ending September 30th, seasonally adjusted, (SA) initial claims for unemployment fell [...]