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.

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.

The 2205 ferrosilicon contract price on ZCE closed at 9538 yuan per ton on June 7.

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

The 2205 ferrosilicon contract price on ZCE closed at 9410 yuan per ton on June 6.

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

The reading, released every 10 days, is based on a survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions.