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.

"The previously pent-up steel consumption will not disappear. It will only be delayed," Shi said.

Vietnam spent around 4 billion U.S. dollars importing more than 3.8 million tons of steel and iron in the first four months of this year.

Qinghai crude steel output in Jan-Mar up 15.1%.

Crude steel output in Hebei down 24.8% YoY in Q1, 2022.

China exported 4.977 million tons of steel in April 2022, an increase of 32000 tons over the previous month, a year-on-year decrease of 37.6%.

Tangshan's crude steel output was 130 million tons in 2021, a year-on-year decrease of 9%.

Over the past two years, Iran's steel industry has been developing, and has maintained tenth of the top steel producers in the world.