World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 150.0 million tonnes (Mt) in October 2023, a 0.6% increase compared to October 2022.

The world's largest steel producer manufactured 79.09 million metric tons of the ferrous metal last month, down 3.7%from 82.11 million tons in September, data from the National Bureau of Statistics (NBS) showed.

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 152.6 million tonnes (Mt) in August 2023, a 2.2% increase compared to August 2022.

Over January-August, China's exports of semi-finished and finished steel increased by 30.6% on the year to 60.977 million mt.

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 152.6 million tonnes (Mt) in August 2023, a 2.2% increase compared to August 2022.

Analysis from the CISA showed that steel exports to Brazil, United Arab Emirates, Saudi Arabia,and Turkiye all grew over 60 percent in the first six months.

In the week ending on May 27, 2023, according to data of AISI, US domestic raw steel production was 1,737,000 net tons while the capability utilization rate was 77.2 percent.

Finished Import Market Share YTD at 23%.