The total tonnage for the week ending June 9^th was 1,753 million tons, (Mt) at a capacity utilization rate of 74.8%. For the first 23 weeks of 2018, total tonnage output was 40,567 Mt, at an average capacity utilization rate of 75.5%.

Total Merchant licenses, (representing 10 HTS codes), year to-date, (YTD) through May 28^th totaled 332,746 tons down 22.6% from last year’s 430,092 tons.

Beam licenses for May through the 28^th totaled just 32,802 tons, down 52,166 tons or down 61.4% from April’s total of 84,967 tons. Year to date, (YTD) beam import license volume through May 28^th totaled 227,867 tons, vs. 207,223 tons YTD 2017.

Total SBQ licenses year to date, (YTD) through May 28^th totaled 182,709 tons, up 3.7% from the YTD 2017 total of 176,271 tons. Thus far in May, 35,803 tons of licenses have been requested, down 23% from the 46,546 in May 2017.

Rebar licenses year to date, (YTD) through May 28^th totaled 654,915 tons, 15.5% lower than the YTD 2017 level of 775,449 tons. So far in May, 110,321 tons have been licensed, 28% of it from Italy.

Worldsteel Association (WSA) reports that global crude steel production totaled 148.32 million tonnes (Mt) at a capacity utilization rate, (CUR) of 76.9% in April. Production down 0.6% m/m, and up 4.1% y/y.