The US shipped 139,162t to China in August, 88.8pc lower than a year earlier and 51.8pc lower than July.

Steel shipments from US mills fell in August as the market continued to deal with declining prices.

Japan and the US remained Vietnam's top two suppliers and accounted for 58pc of total imports in September.

Down 2.1 Percent YTD in 2022 from Same Period in 2021.

Finished Import Market Share Estimated at 22 Percent in September.

US domestic raw steel production was 1,688,000 net tons while the capability utilization rate was 75.7 percent.

In the week ending on October 1, 2022, domestic raw steel production was 1,700,000 net tons while the capability utilization rate was 77.1 percent.

It was a 9.2% decrease from the 2,485,000 permit tons recorded in August and a 10.1% decrease from the August final imports total of 2,510,000.