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.

Chicago Fed National Activity Index

January 23rd, 2018|Comments Off on Chicago Fed National Activity Index

The pace of U.S. economic growth rebounded nicely in December as the CFNAI advanced to +0.25 from a -0.02 score in October. On a three month moving average, (3MMA) basis the CFNAI recorded a +0.42 [...]

­­U.S. Steel Capacity Utilization

January 23rd, 2018|Comments Off on ­­U.S. Steel Capacity Utilization

The total tonnage for the week ending January 20th was 1,693 million tons, (Mt) at a capacity utilization rate of 72.6%. For the first three weeks of 2018, total tonnage output was 5,049 Mt, at [...]

U.S. Housing Starts and Permits

January 23rd, 2018|Comments Off on U.S. Housing Starts and Permits

According to the U.S. Census Bureau’s latest data, housing starts fell 8.2% month on month, (m/m) in December to a seasonally adjusted annualized rate (SAAR) of 1,192,000 units. This was lower than the revised November [...]

U.S. Industrial Production

January 18th, 2018|Comments Off on U.S. Industrial Production

Industrial production, (IP) moved-up 0.9% in December, month on month, (m/m) besting the analysts’ consensus forecast. However, November’s IP overall index score was revised down to from +0.2% to -0.1%. On a year on year, [...]

U.S. Steel Special Bar Quality Final Imports

January 17th, 2018|Comments Off on U.S. Steel Special Bar Quality Final Imports

SBQ final imports to the U.S. were up 28.4% year to date (YTD), year on year (y/y), totaling 526,564 tons for the eleven months ending November 2017. November SBQ imports came in at tons, 48,610, [...]

U.S. Service Center Shipments

January 17th, 2018|Comments Off on U.S. Service Center Shipments

On a tons per day basis, shipments were 126.6, down 11.8% month on month, (m/m). December is traditionally a slower shipment month as inventories are lowered for tax reasons. On a three month moving average, [...]