AISI: US raw steel production in the week ending on May 13, 2023.

Finished Import Market Share YTD at 23%.

China's Hunan reports robust foreign trade growth with Africa in Q1.

These factors should lead to soaring steel demand in Q3 and Q4, Tuan said.

BHP is looking into initiatives to grow its iron ore production to 300 million tonnes per annum.

The head of diversified miner BHP, Mike Henry, has highlighted the massive investment required in the resources sector to meet global decarbonising efforts.

Thailand's economy expanded 2.7% in the first quarter from a year earlier, official data showed on Monday, faster than expectations, as private consumption and tourism rebounded.

In the week ending on May 6, 2023, US domestic raw steel production was 1,712,000 net tons while the capability utilization rate was 76.1 percent.