In August, the largest steel import permit applications were for Canada (587,000 NT, up 8% from July final), Mexico (479,000 NT, up 4%), South Korea (202,000 NT, down 28%), Brazil (107,000 NT, down 58%) and Vietnam (107,000 NT, up 110%).

AISI reported that for the month of July 2022, U.S. steel mills shipped 7,676,083 net tons, a 7.3 percent decrease from the 8,278,863 net tons shipped in July 2021.

US domestic raw steel production was 1,723,000 net tons while the capability utilization rate was 78.2 percent.

Slovakia-based US Steel Kosice idled blast furnace two at its Slovakian site on 4 September for a 60-day stoppage.

The company has also kept its Spanish Sestao electric arc furnace-based coils mill off line, given weak demand and high energy costs.

OMH H1 profit jumps to RM268.9 million

European market leader ArcelorMittal is idling blast furnace A at its Asturias plant in Spain in response to weak demand.

The producer will also stop a direct reduction plant in Hamburg, where it produces wire rod, from the fourth quarter.