April 2017

U.S. Reinforcing Steel (Rebar) Final and License Imports

Rebar final imports to the US in February were up 21.1% year to date (YTD), year on year (y/y), totaling 385,614 tons for the two months ending February 2017. On a month over month comparison, rebar imports fell 26.3%. Figure 1 charts the largest exporting countries in rank order on a YTD basis through February [...]

Consumer Confidence

The Conference Board Consumer Confidence Composite index fell back 4.6 points in April to 120.3 points. Despite the decline the index remains at an elevated level.  On a three month moving average (3MMA) basis, the confidence index scored 120.4, its highest level since January 2001. Consumers feel good about the current state of economy and [...]

Global Crude Steel Production and Capacity Utilization

Worldsteel Association (WSA) reports that global crude steel production totaled 144.95 million tonnes (Mt) at a capacity utilization rate (CUR) of 72.7% in March. This was a 4.8% year on year (y/y), increase and the highest CUR since December 2015. Global overcapacity continues to be a major concern. Figure 1 charts global steel overcapacity and [...]