Vietnam spent nearly 10.3 billion U.S. dollars importing roughly 9.8 million tons of steel and iron in the first 10 months of this year.

Steel shipments from US mills fell in August as the market continued to deal with declining prices.

Japan and the US remained Vietnam's top two suppliers and accounted for 58pc of total imports in September.

Down 2.1 Percent YTD in 2022 from Same Period in 2021.

Finished Import Market Share Estimated at 22 Percent in September.

US domestic raw steel production was 1,688,000 net tons while the capability utilization rate was 75.7 percent.

Peru’s mining exports fell in the first eight months, the first accumulated year-on-year drop in 2022.

In the week ending on October 1, 2022, domestic raw steel production was 1,700,000 net tons while the capability utilization rate was 77.1 percent.