Steel imports surge 26.5% during May-July

From the perspective of industries, in July, the value added of 33 of the 41 major industries kept year-on-year growth.

Market Prices of Important Means of Production in Circulation, August 11-20, 2024.

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 152.6 million tonnes (Mt) in August 2023, a 2.2% increase compared to August 2022.

Over January-August, China's exports of semi-finished and finished steel increased by 30.6% on the year to 60.977 million mt.

Analysis from the CISA showed that steel exports to Brazil, United Arab Emirates, Saudi Arabia,and Turkiye all grew over 60 percent in the first six months.

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 158.8 million tonnes (Mt) in June 2023, a 0.1% decrease compared to June 2022.

In the week ending on May 27, 2023, according to data of AISI, US domestic raw steel production was 1,737,000 net tons while the capability utilization rate was 77.2 percent.