In the week ending on January 27, 2024, US domestic raw steel production was 1,680,000 net tons while the capability utilization rate was 75.6 percent.

Finished Import Market Share at 21%.

World No. 2 iron ore supplier Vale SA delivered a bigger-than-expected increase in production last quarter in a result that may undermine prices of the key steelmaking ingredient.

Brazilian mining company Vale expressed optimism about the growth prospects of the Chinese economy and asserted its strategic position to contribute to China's high-quality development.

Prices of the capital goods monitored by the Chinese government were lower in mid-January compared with early January, official data showed Wednesday.

China will continue to uphold its dominant position in the global shipbuilding market this year.

In 2023, the imports of high-tech products in Beijing reached 341.28 billion yuan, up 27 percent year-on-year, exceeding 300 billion yuan for the first time.

Iron ore shipments from Western Australia's (WA) Port Hedland rallied in December, although 2023 exports were below 2022 as increased sales to India and Vietnam were offset by reduced deliveries to China and Japan.