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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 for the month of March 2024, U.S. steel mills shipped 7,338,349 net tons, a 5.7 percent decrease from the 7,779,430 net tons shipped in March 2023..

It reiterated its latest guidance to close the deal by year-end, pending US approvals.

Despite these lukewarm indicators, steel producers who service the construction end markets were positive in their quarterly earnings.

Liberty said it “is not idling the facility,” and will resume operations when markets recover.

With efforts from both sides, the factory gradually emerged from its crisis.

JSIS is commissioning three new facilities, a new 0xygen plant,Submerged Arc Furnace and the 6 million TPA Pellet which will make it one of the most integrated steel plants in the region.

Recent data from the American lron and Steel Institute (AISI) shows a slight week-over-week increase in U.S. crude steel production for the week ending May 4