Finished Import Market Share YTD at 23%.

Finished Import Market Share YTD at 23%.

Global molybdenum production and use falls in Q1 2024

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.

The American Iron and Steel Institute (AISI) announced the release of its 2023 Annual Statistical Report (ASR), which provides comprehensive data on the American steel industry and select data on the North American steel industry as a whole.

The China Iron and Steel Association said that the action plan to boost equipment renewals and trade-ins of consumer goods.

Adjusted year-to-date production through May 4, 2024 was 30,259,000 net tons, at a capability utilization rate of 76.3 percent.

AISI reported that the U.S. imported a total of 2,510,000 net tons (NT) of steel in March 2024.