Goldman Sachs
June 10, 2026
Americas Steel Supply and Demand Tracker
Monthly UpdateCommoditiesMaterials
The April 2026 Americas Steel Tracker reports healthy production levels and multi-year high mill utilization. While apparent demand fell due to macroeconomic uncertainty, domestic shipments maintain positive year-to-date growth.
Key Takeaways
- 1.Domestic mill utilization and production remain strong, with utilization averaging 79.9% in April.
- 2.Finished steel imports declined by 13% YoY in April, though long product imports increased significantly by nearly 40%.
- 3.Apparent demand for steel fell 1.9% YoY in April, pressured by geopolitical and rate uncertainty.
Table of Contents
- Big picture takeaways from April data
- Import data takeaways in 4 charts
- Shipment & Demand data takeaways in 5 charts
- Disclosure Appendix
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Authors
Nick CashCecilia Tang
Themes
Supply and Demand ImbalanceMargin ExpansionGeopolitical Uncertainty
Regions
North AmericaUnited StatesSouth Korea