American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,736,000 net tons (NT) of steel in May 2022.

In the week ending on June 25, 2022, US domestic raw steel production was 1,750,000 net tons while the capability utilization rate was 80.2 percent.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 169.5 million tonnes (Mt) in May 2022, a 3.5% decrease compared to May 2021.

The American Iron and Steel Institute (AISI) reported that for the month of April 2022, U.S. steel mills shipped 7,629,985 net tons.

Finished Import Market Share Estimated at 24 Percent in May.

US domestic raw steel production was 1,784,000 net tons while the capability utilization rate was 81.7 percent.

Vietnam spent more than 5.4 billion U.S. dollars importing over 5.1 million tons of steel and iron in the first five months of this year.

Finished steel consumption in April-May rose by 10.1pc on the year to 18.5mn t, while production climbed by 7.7pc against the previous year to 19.11mn t.