Americas Steel: Steel Supply & Demand Tracker - September 2026 Edition

In the September 2026 edition of our Americas steel supply & demand tracker we analyze data as of July 2026. Production data remains healthy, up +15.1% y/y in July, though mill utilization declined 32bps in July to 80.4% as production was impacted by outages at Gary Works BF #14; utilization levels remain elevated versus the 5-year historical average of 77.5%, which should continue to support mill margins. Domestic shipments were up +4.8% y/y in July to 8.13mn tons, and YTD shipment volumes of 55.75mn tons were up +5.3% y/y. Finished imports were down ~7.3% y/y in July, with flat products down 32.0% while long products were up +31.4% y/y;