The Indian Steel Association (ISA) has called on the government to look at the volatility in metallurgical coal prices, which it deems to be the main cause of global steel prices increasing over the past year.

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.

American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,729,000 net tons (NT) of steel in April 2022.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.7 million tonnes (Mt) in April 2022, a 5.1% decrease compared to April 2021.

Chinese producers want to cut production volume in order to save price dropping in this week.

The American Iron and Steel Institute (AISI) reported that for the month of March 2022, U.S. steel mills shipped 7,835,600 net tons, a 1.4 percent decrease from the 7,950,431 net tons shipped in March 2021.

Finished Import Market Share YTD at 24%.

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.