The American Iron and Steel Institute(AISI) reported that for the month of August 2023, US steel mills shipped 7,663,767 net tons, unchanged from the 7,675,344 net tons shipped in August 2022.
Robust steel exports from China have emerged as a major driver supporting steel production at a time when demand activity from the country's largest steel consumer -- the property sector -- has remained muted for the most part of this year.