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.

Advanced Durable Goods Orders

March 24th, 2017|Comments Off on Advanced Durable Goods Orders

New orders for durable goods gained 1.7% in February from January, totaling $235.4 billion. On a 3MMA basis the year on year (y/y), change was a positive 1.1%, while the 3MMA change over 12 months [...]

Initial and Continuous Unemployment Claims

March 24th, 2017|Comments Off on Initial and Continuous Unemployment Claims

Initial claims grew by 15,000 for the week ending March 18th. This more than reversed the prior week’s 6,000 decline however, the trend in initial claims remains favorable.  With 5.6 million job openings (as of [...]

Currency Report

March 23rd, 2017|Comments Off on Currency Report

The US dollar (USD) continues to advance against a trade weighted basket of currencies known as the Broad Index. The February 2017 Broad index value was 101.33 down 1.4% month on month (m/m) but up [...]

U.S. Housing Starts and Permits

March 23rd, 2017|Comments Off on U.S. Housing Starts and Permits

Total housing starts were reported at a seasonally adjusted annual rate of 1,167,000 for the month of February, on a 3MMA basis, up 8.9% year on year (y/y). Single family housing starts moved-up 4.8%, 3MMA [...]

Architectural Billings Index

March 23rd, 2017|Comments Off on Architectural Billings Index

After falling to a disappointing 49.5 in January (any score above 50 indicates an increase in billings), the national ABI rebounded to score 50.7 in February. In an encouraging trend for future non-residential construction activity, [...]

Crude Oil Inventories and Pricing

March 21st, 2017|Comments Off on Crude Oil Inventories and Pricing

Crude oil inventories have been trending sharply higher since the beginning of the year. Excluding the strategic petroleum reserve, stocks of crude oil recorded 479,012,000 barrels per week at the end of 2016. As of [...]