World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.7 million tonnes (Mt) in April 2022, a 5.1% decrease compared to April 2021.

The American Iron and Steel Institute (AISI) reported that for the month of March 2022, U.S. steel mills shipped 7,835,600 net tons, a 1.4 percent decrease from the 7,950,431 net tons shipped in March 2021.

Finished Import Market Share YTD at 24%.

From January to April, the output of crude steel, pig iron and steel in China was 336.15 million tons, 280.3 million tons and 426.82 million tons respectively.

In the week ending on May 7, 2022, domestic raw steel production was 1,777,000 net tons while the capability utilization rate was 81.4 percent.

"The previously pent-up steel consumption will not disappear. It will only be delayed," Shi said.

Vietnam spent around 4 billion U.S. dollars importing more than 3.8 million tons of steel and iron in the first four months of this year.

Qinghai crude steel output in Jan-Mar up 15.1%.