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The ArcelorMittal plant in Kryvyi Rih, Ukraine. The steel sector is a significant source of economic growth and employment for Ukraine.Credit...David Guttenfelder for The New York Times

ArcelorMittal increases buyback program, sees global steel dip

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%.

China's investment in the secondary industry grew by 16.1 percent year-on-year in the first quarter of this year, significantly higher than the 6.8 percent investment growth in the primary industry and 6.4 percent investment growth in the tertiary industry.

China's locally-administered State-owned enterprises (SOEs) have completed over 90 percent of the main tasks of the government's three-year (2020-22) action plan, said the country's top State-asset regulator on Saturday.

ArcelorMittal released its operation report for the first quarter of 2022.