Exports to the three major destinations — South Korea, Vietnam and Taiwan, China.

US domestic raw steel production was 1,683,000 net tons while the capability utilization rate was 76.4 percent.

Finished Import Market Share YTD at 24%

China pig iron output in August down 0.5%.

China crude steel output in August up 0.5%.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 150.6 million tonnes (Mt) in August 2022, a 3.0% decrease compared to August 2021.

In July, the largest suppliers were Canada (544,000 NT, down 14% vs. June), Mexico (460,000 NT, down 12%), South Korea (279,000 NT, down 7%), Brazil (252,000 NT, up 26%) and Japan (173,000 NT, up 76%).

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%).