Brazil's iron ore exports increased by 8% in April.

India's domestic steel demand will grow at around 10 percent over the next few years supported by the government's focus on infrastructure, steel ministry secretary Nagendra Nath Sinha said on Friday,May 10.

AISI reported that the U.S. imported a total of 2,510,000 net tons (NT) of steel in March 2024.

Adjusted year-to-date production through May 4, 2024 was 30,259,000 net tons, at a capability utilization rate of 76.3 percent.

AISI reported that for the month of March 2024, U.S. steel mills shipped 7,338,349 net tons, a 5.7 percent decrease from the 7,779,430 net tons shipped in March 2023..

Australia-based exploration and development company Arrow Minerals has identified high-grade iron mineralization at the Simandou North Project (SNIP)and plans to conduct more than 150 drill holes in the area.

It reiterated its latest guidance to close the deal by year-end, pending US approvals.

Despite these lukewarm indicators, steel producers who service the construction end markets were positive in their quarterly earnings.