Market Update





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July 2023

U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 43,458 tons in May 2023, increasing 1.3% month over month (m/m). Mexico was the largest exporter to the U.S. with 27,763 tons; Canadian imports came in at 12,956 tons. Laredo, TX was the largest receiver of merchants this month, receiving 22,849 tons of the total.
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 64,382 tons in May 2023, decreasing 1% month over month (m/m). Mexico was the largest exporter of fabricated beams with 17,853 tons this month (28%). The Laredo, TX port was the largest receiver of fabricated beams this month, receiving 10,843 tons.
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 18,692 tons for May 2023, down 50% since last month. South Korea was the largest exporter of beams with 8,061 tons this month (43%). The Houston-Galveston, TX port was the largest receiver of beams this month, receiving 5,851 tons.
­­U.S. Steel Capacity Utilization: The total tonnage for the week ending June 24th was 1.758 million net tons, at a capacity utilization rate of 78.1%. The year-to-date tonnage output is 42.138 million net tons, at an average capacity utilization rate of 75.2%. In 2022, the same output total was 46.069 million net tons, at an average capacity utilization of 80.9%.

June 2023

U.S. Steel Rebar Final Imports: Final rebar imports to the U.S. came in at 174,166 tons for the month of April 2023, up 106% m/m. Algeria was the largest exporter of rebar with 76,927 tons this month (44%). The Houston-Galveston, TX port was the largest receiver of rebar this month, receiving 51,794 tons.
U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 42,896 tons in April 2023, decreasing 18% month over month (m/m). Mexico was the largest exporter to the U.S. with 22,577 tons; Canadian imports came in at 16,763 tons. Laredo, TX was the largest receiver of merchants this month, receiving 18,079 tons of the total.
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