Market Update





The ˽av 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.

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Producer Price Index: The U.S. Bureau of Labor Statistics’ Producer Price Index (PPI) for final demand increased 0.3% in January 2024 (seasonally adjusted), after decreasing 0.1% in December. The index for final demand goods moved down 0.2% in January, the fourth consecutive decline, while the index for final demand services moved up 0.6%, the largest increase since July 2023. A 2.2-percent increase in the index for hospital outpatient care was a major factor in the January rise in prices for final demand services.
U.S. Steel Rebar Final Imports: Final rebar imports to the U.S. came in at 51,471 tons for the month of December 2023, down 32% m/m. Mexico was the largest exporter of rebar with 14,965 tons this month (29%). The Philadelphia, PA port was the largest receiver of rebar this month, receiving 11,795 tons.
U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 39,203 tons in December 2023, increasing 13% month over month (m/m). Mexico was the largest exporter to the U.S. with 17,914 tons; Canadian imports came in at 16,176 tons. Laredo, TX was the largest receiver of merchants this month, receiving 14,890 tons of the total.
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 48,449 tons in December 2023, decreasing 4% month over month (m/m). Mexico was the largest exporter of fabricated beams with 13,485 tons this month (28%). The Houston-Galveston, TX port was the largest receiver of fabricated beams this month, receiving 9,588 tons.
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 39,348 tons for December 2023, up 15% since last month. South Korea was the largest exporter of beams with 27,744 tons this month (71%). The Houston-Galveston, TX port was the largest receiver of beams this month, receiving 13,799 tons.
Currency Report: The trade-weighted U.S. Broad Dollar Index posted a reading of 120.577 in January, up 0.35% m/m, reversing trend after steadily decreasing for two months. This index value is up 0.56% on a year on year (y/y) basis.
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