From January to April, the output of crude steel, pig iron and steel in China was 336.15 million tons, 280.3 million tons and 426.82 million tons respectively.

In the week ending on May 7, 2022, domestic raw steel production was 1,777,000 net tons while the capability utilization rate was 81.4 percent.

"The previously pent-up steel consumption will not disappear. It will only be delayed," Shi said.

Vietnam spent around 4 billion U.S. dollars importing more than 3.8 million tons of steel and iron in the first four months of this year.

Qinghai crude steel output in Jan-Mar up 15.1%.

Crude steel output in Hebei down 24.8% YoY in Q1, 2022.

China exported 4.977 million tons of steel in April 2022, an increase of 32000 tons over the previous month, a year-on-year decrease of 37.6%.

Tangshan's crude steel output was 130 million tons in 2021, a year-on-year decrease of 9%.