View Block
Market Update
View Block
September 2024
U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 39,375 tons in July 2024, increasing 4% month over month (m/m). Mexico and Canada, combined, account for 82% of the total this month. Laredo, TX was the largest receiver of merchants this month, receiving 14,640 tons of the total.
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 84,359 tons for July 2024, up 132% since last month. Spain was the largest exporter of beams with 24,779 tons this month (29%). The Houston-Galveston, TX port was the largest receiver of beams this month, receiving 30,422 tons.
U.S. Steel Rebar Final Imports: Final rebar imports to the U.S. came in at 86,750 tons for the month of July 2024, up 50% m/m. Oman was the largest exporter of rebar with 25,094 tons this month (29%). The Houston-Galveston, TX port was the largest receiver of rebar this month, receiving 44,599 tons.
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 63,455 tons in July 2024, decreasing 1% month over month (m/m). Canada was the largest exporter of fabricated beams with 15,195 tons this month (24%). The Houston-Galveston, TX port was the largest receiver of fabricated beams this month, receiving 12,679 tons.
U.S. Steel Capacity Utilization: The total tonnage for the week ending August 31st was 1.760 million net tons, at a capacity utilization rate of 79.2%. The year-to-date tonnage output is 60.238 million net tons, at an average capacity utilization rate of 77.5%. In 2023, the same output total was 57.748 million net tons, at an average capacity utilization of 75.5%.
August 2024
U.S. Steel Capacity Utilization: The total tonnage for the week ending July 27th was 1.729 million net tons, at a capacity utilization rate of 77.9%. The year-to-date tonnage output is 51.485 million net tons, at an average capacity utilization rate of 77.3%. In 2023, the same output total was 50.795 million net tons, at an average capacity utilization of 75.3%.
