Finished steel consumption in April-May rose by 10.1pc on the year to 18.5mn t, while production climbed by 7.7pc against the previous year to 19.11mn t.

Japan's ferrous scrap exports continued to recover in April on sustained demand from South Korea.

Its largest suppliers of steel and iron included China, Japan, South Korea and India, said the General Department of Vietnam Customs.

Japan ferrosilicon (Si≤55%) imports decrease 52.81% YoY in April 2022.

Japan ferrosilicon (Si≤55%) imports increase 0.31% YoY from January to April 2022.

Japan ferrosilicon (Si>55%) imports increase 69.62% month on month in April 2022.

Japan ferrosilicon (Si>55%) imports decrease 0.73% YoY from January to April 2022.

In the week ending on May 21, 2022, US domestic raw steel production was 1,789,000 net tons while the capability utilization rate was 82.0 percent.