January 2018

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 estimate of 1,299,000 units. On a year on year, (y/y) basis, starts declined by 6.0%. Cold and heavy snowfall were [...]

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, (y/y) basis, the IP index was up 2.8%. Manufacturing was one of the industrial groups highlighted as making a solid [...]

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, 1.5% higher than the 47,869 ton YTD average volume. Figure 1 charts the largest exporting countries in rank order 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, (3MMA) basis, year to date, (YTD) year on year, (y/y) comparison, total carbon steel shipments increased by 7.0%. Bar & [...]

U.S. Wire Rod Final Imports

Wire rod final imports to the U.S. were up 3.5% year to date (YTD), year on year (y/y), totaling 1,785,302 tons for the eleven months ending November 2017. November’s tonnage recorded 104,703 tons, 35.5% lower than the YTD average volume of 162,300 tons. Figure 1 charts the largest exporting countries in rank order on a [...]

U.S. Steel Beam Final Imports

Beam final imports to the U.S. were down 4.3% year to date (YTD), year on year (y/y), totaling 501,057 tons for the eleven months ending November 2017. For the month of November, Beam imports totaled 16,416 tons down 64.0% from the YTD average of 45,551 tons. Wide flange beams accounted for 66.2% of total beam [...]

U.S. Reinforcing Steel Final Imports

Rebar final imports to the US were down 23.1% year to date (YTD), year on year (y/y), totaling 1,513,517 tons for the eleven months ending November 2017. November rebar imports were 60,304 tons, 56.2% lower than the YTD average of 137,592 tons. Straight length rebar accounted for 93.3% of the total imports YTD, “other rebar”, [...]

U.S. Reinforcing Steel Import Licenses

Rebar licenses through January 11th totaled 77,193 tons, well down, (91.5%) from the January 2016 level of 200,442 tons. Straight lengths accounts for all of rebar licensed import thus far this month. Overall rebar import licensed tons in 2017 were lower than in 2016. The 2016 total was 2.142 million, (M), 0.625M or 29.2% greater [...]

U.S. Merchant Steel Import Licenses

Merchant licenses, (representing 10 HTS codes), through January 11th totaled 17,458 tons, down 57,176 tons or 76.6% from last year’s 74,635 tons. Overall merchant import licensed tons in 2017 were higher year on year. The 2017 total was 965,972 tons 26,559 tons or 8.6% greater than the 921,552 tons in 2016. Figure 1 shows total [...]

U.S. SBQ Steel Import Licenses

Total SBQ licenses through January 11th totaled 6,951 tons, down 27,343 tons or 79.7% from last year’s 34,294 tons. Overall SBQ import licensed tons in 2017 were 16.4% higher year on year. The 2017 total was 535,811 tons, 75,581 tons more than the 460,230 ton level in 2016. Figure 1 shows the monthly total SBQ [...]