Finished Import Market Share Estimated at 25 Percent in April.

Analysis said that the demand in April may be lower than expected, restraining the rise of steel prices.

In 2023 steel demand will see further growth of 2.2% to reach 1,881.4 Mt. The current forecast is subject to high uncertainty.

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,339,000 net tons (NT) of steel in February 2022.

In the week ending on March 19, 2022, US domestic raw steel production was 1,742,000 net tons while the capability utilization rate was 80.2 percent.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 142.7 million tonnes (Mt) in February 2022, a 5.7% decrease compared to February 2021.

American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,079,000 net tons (NT) of steel in January 2022.

American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of February totaled 2,274,000 net tons (NT)*.