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. Industrial Production

August 19th, 2019|Comments Off on U.S. Industrial Production

The July Industrial production, (IP) report decreased slightly (0.2%) MoM for the month at 109.2. On a year on year, (y/y) basis, the IP index was up 1.2%. Industrial production is a pure measure of [...]

Oil and Gas Rotary Rig Counts

August 19th, 2019|Comments Off on Oil and Gas Rotary Rig Counts

The total number of operating rigs in the U.S. the week as of August 16th was 770 oil and 165 gas (totaling 935). In percentage terms, on a month on month, (m/m) basis, oil rigs [...]

U.S. Manufacturing Capacity Utilization

August 16th, 2019|Comments Off on U.S. Manufacturing Capacity Utilization

Manufacturing capacity utilization (MCU), scored a 75.4% in July, down 0.6% month on month (m/m), and down 0.4% year on year (y/y) Figure 1, charts capacity utilization from 2000 to present. The MCU index is [...]

U.S. Steel Capacity Utilization

August 12th, 2019|Comments Off on U.S. Steel Capacity Utilization

The total tonnage for the week ending August 10th was 1,867 million tons, (Mt) at a capacity utilization rate of 80.2%. The year to date tonnage output is 60,710 Mt, at an average capacity utilization [...]

ISM Manufacturing Index

August 7th, 2019|Comments Off on ISM Manufacturing Index

The Institute of Supply Management’s Index moved down 0.5 points on month, (m/m) to 51.2 for July 2019. This value is an encouraging sign for the manufacturing sector.  The index has been greater than 50, (>50 [...]

ISM Non-Manufacturing Index

August 6th, 2019|Comments Off on ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index decreased by 1.4 points month on month, (-3.2% MoM) to 53.7 in July. The ISM nonmanufacturing survey measures the rate and direction of change in activity in [...]