The U.S. imported a total of 3,028,000 net tons (NT) of steel in July 2019.

Crude steel and steel-product output rose 9.9 percent and 11.4 percent to 492 million tons and 587 million tons, respectively.

Total steel shipments in 2Q 2019 were 4.3% higher at 22.8Mt as compared with 21.8Mt for 1Q 2019.

In the week ending on August 10, 2019, US domestic raw steel production was 1,867,000 net tons.

U.S. Steel’s Q2 earnings are scheduled to be released Thursday. Although the stock fell to its 52-week low in May.

However, uncertainty over the trade environment and volatility in the financial markets continue and could pose downside risks to this forecast. At the time of writing this, nothing has changed.

Average daily production of crude steel of major iron and steel enterprises was 2.06 million tons in early June, up 2.8% vs. the last ten days.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 142.7 million tonnes (Mt) in February 2022, a 5.7% decrease compared to February 2021.