Finished Import Market Share YTD at 23%.

Finished Import Market Share YTD at 23%.

Down 3.2 Percent YTD in 2024 from Same Period in 2023.

The American Iron and Steel Institute (AISI) reported that for the month of May 2024, U.S. steel mills shipped 7,431,201 net tons.

According to data from the World Steel Association analyzed by SteelRadar, electric arc furnace (EAF) accounted for 28.6% of global steel production.

China’s nickel giant Tsingshan Holding Group has started production at its $1 billion steel plant in central Zimbabwe, a company official said on Thursday.

China Baowu Steel Group has completed its purchase of a stake in the Simandou project in Guinea, as China’s top steelmaker looks to expand its interest in the world’s largest untapped iron ore mine.

A comparison of shipments year-to-date in 2024 to the first four months of 2023 shows the following changes: cold rolled sheet, up 4 percent, corrosion resistant steel, down 2 percent and hot rolled steel, down 2 percent.