In late May 2022, key iron and steel enterprises produced 25.5119 million tons of crude steel, 22.5128 million tons of pig iron and 24.9286 million tons of steel.

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.

Brazil produced 2.9 Mt, down 4.0%. Iran is estimated to have produced 2.2 Mt, down 20.7%.

US domestic raw steel production in the week ending on June 4, 2022 down 3.2 percent.

Japan's ferrous scrap exports continued to recover in April on sustained demand from South Korea.

Its largest suppliers of steel and iron included China, Japan, South Korea and India, said the General Department of Vietnam Customs.

The output jumped 10.5 percent year-on-year in the January-April period, according to the National Energy Administration.

Japan ferrosilicon (Si≤55%) imports decrease 52.81% YoY in April 2022.