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%.

Diversified miner BHP’s iron-ore division is aiming to more than double its spend with Indigenous vendors to more than A$300-million by the end of the 2024 financial year.

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.

Finished Import Market Share Estimated at 25 Percent in April.

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