U.S. Steel Rebar Final Imports: Final rebar imports to the U.S. came in at 113,848 tons for the month of February 2024, up 155% m/m. Algeria was the largest exporter of rebar with 36,215 tons this month (32%). The Houston-Galveston, TX port was the largest receiver of rebar this month, receiving 61,715 tons.

U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 43,233 tons in February 2024, decreasing 24% month over month (m/m). Mexico was the largest exporter to the U.S. with 23,121 tons; Canadian imports came in at 16,148 tons. Laredo, TX was the largest receiver of merchants this month, receiving 17,912 tons of the total.

U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 51,049 tons in February 2024, decreasing 12% month over month (m/m). Mexico was the largest exporter of fabricated beams with 12,342 tons this month (24%). The Laredo, TX port was the largest receiver of fabricated beams this month, receiving 8,810 tons.

U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 48,005 tons for February 2024, up 48% since last month. South Korea was the largest exporter of beams with 19,014 tons this month (40%). The Houston-Galveston, TX port was the largest receiver of beams this month, receiving 22,658 tons.

Crude Oil & Natural Gas Pricing: March’s average West Texas Intermediate (WTI) crude oil price per barrel increased 9% month on month (m/m). The WTI is up 15% year on year (y/y), coming in at $84.28 / barrel in March 2024 vs. $73.28 / barrel in March 2023.

Currency Report: The trade-weighted U.S. Broad Dollar Index posted a reading of 121.041 in March, down 0.31% m/m, reversing trend after steadily increasing for two months. This index value is up 0.19% on a year on year (y/y) basis. Month over month, we saw the Canadian dollar and Mexican peso strengthen vs. the USD in March.