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Market Update
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June 2024
U.S. Steel Capacity Utilization: The total tonnage for the week ending May 15th was 1.735 million net tons, at a capacity utilization rate of 77.2%. The year-to-date tonnage output is 35.992 million net tons, at an average capacity utilization rate of 77.1%. In 2023, the same output total was 35.144 million net tons, at an average capacity utilization of 74.7%.
May 2024
U.S. Steel Rebar Final Imports: Final rebar imports to the U.S. came in at 106,794 tons for the month of March 2024, down 6% m/m. Turkey was the largest exporter of rebar with 35,898 tons this month (34%). The Houston-Galveston, TX port was the largest receiver of rebar this month, receiving 53,396 tons.
U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 47,822 tons in March 2024, increasing 11% month over month (m/m). Mexico and Canada, combined, account for 92% of the total this month. Laredo, TX was the largest receiver of merchants this month, receiving 21,204 tons of the total.
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 55,679 tons in March 2024, increasing 9% month over month (m/m). Mexico was the largest exporter of fabricated beams with 14,157 tons this month (25%). The Laredo, TX port was the largest receiver of fabricated beams this month, receiving 9,829 tons. Houston-Galveston, TX was second, coming in at 9,366 tons.
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 36,609 tons for March 2024, down 24% since last month. South Korea was the largest exporter of beams with 23,706 tons this month (65%). The Los Angeles, CA port was the largest receiver of beams this month, receiving 13,338 tons.
U.S. Steel Capacity Utilization: The total tonnage for the week ending April 27th was 1.701 million net tons, at a capacity utilization rate of 76.6%. The year-to-date tonnage output is 22.105 million net tons, at an average capacity utilization rate of 77.1%. In 2023, the same output total was 28.242 million net tons, at an average capacity utilization of 74.1%.