The output rose 10.3 percent year on year to 370 million tonnes last month, according to the National Bureau of Statistics.

The American Iron and Steel Institute (AISI) reported that for the month of April 2022, U.S. steel mills shipped 7,629,985 net tons.

Finished Import Market Share Estimated at 24 Percent in May.

US domestic raw steel production was 1,784,000 net tons while the capability utilization rate was 81.7 percent.

China imported 92.517 million tons of iron ore, a month on month decrease of 1.227 million tons, a decrease of 1.4%.

Vietnam spent more than 5.4 billion U.S. dollars importing over 5.1 million tons of steel and iron in the first five months of this year.

Coal is Mongolia's main export commodity.

Finished steel consumption in April-May rose by 10.1pc on the year to 18.5mn t, while production climbed by 7.7pc against the previous year to 19.11mn t.