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Finished Import Market Share Estimated at 24 Percent in May.

US domestic raw steel production was 1,784,000 net tons while the capability utilization rate was 81.7 percent.

Vietnam spent more than 5.4 billion U.S. dollars importing over 5.1 million tons of steel and iron in the first five months of this year.

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.

In late May 2022, key iron and steel enterprises produced 25.5119 million tons of crude steel, 22.5128 million tons of pig iron and 24.9286 million tons of steel.

Brazil produced 2.9 Mt, down 4.0%. Iran is estimated to have produced 2.2 Mt, down 20.7%.

US domestic raw steel production in the week ending on June 4, 2022 down 3.2 percent.

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