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Global crude steel production in May rose 5.4% compared with May 2018, the World Steel Association reported Monday.

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According to the World Steel Association, the 64 countries reporting production data produced 162.7 million tons in May, up from 154.5 million tons in May 2018. The 5.4% year-over-year growth marked a decline from the previous month, when year-over-year production growth hit 6.4%.

By country, China’s production continues to notch new records. After a record April, China produced a new record 89.1 million tons of steel in May, up 10% compared with May 2018.

U.S. production hit 7.7 million tons in May, up 5.4% from May 2018.

According to the American Iron and Steel Institute (AISI), for the week ending June 22, U.S. raw steel production reached 1,873,000 net tons at a capability utilization rate of 80.5%. The weekly production marked an increase from the 1,815,000 net tons produced in the week ending June 22, 2018, when the capability utilization rate was 77.4%.

Meanwhile, year-to-date production through June 22 reached 46,870,000 net tons, at a capability utilization rate of 81.5%. The year-to-date production marked a 5.8% increase from the 44,288,000 net tons produced during the same period last year, when the capability utilization rate was 76.7%.

Elsewhere, India produced 9.2 million tons of crude steel in May, up 5.1% on a year-over-year basis. Japan produced 8.7 million tons of crude steel in May, down 4.6% year over year. South Korea’s crude steel production rose 2.2% year over year to 6.4 million tons.

In Europe, Italy’s crude steel production rose 1.1% year over year to 2.2 million tons. France produced 1.2 million tons, down 7.6% compared to May 2018. Spain produced 1.3 million tons of crude steel in May 2019, down by 7.1% on May 2018.

Crude steel production in Ukraine reached 1.8 million tons in May, up 7.8% from May 2018. Brazil’s production reached 2.8 million tons, rising by 2.9% on a year-over-year basis.

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Turkey’s crude steel production hit 3.1 million tons, down 8.0% from May 2018.

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This morning in metals news, the Supreme Court will not hear a challenge to President Donald Trump’s Section 232 steel tariffs, Chinese steel prices made gains Monday and the U.S. is mulling a ban on 5G technology manufactured in China.

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Supreme Court Won’t Hear 232 Challenge

The Supreme Court has decided not to hear a challenge to Trump Section 232 tariffs on steel, CNBC reported.

The plaintiffs in the case, which includes the American Institute for International Steel, argue the tariffs have harmed the domestic steel sector and domestic steel companies.

Chinese Steel Prices Rise

Chinese steel prices have made gains this week, Reuters reported, with the most-traded SHFE October rebar contract closing up 2.3%.

Hot-rolled coil was up 3.7%, according to the report.

U.S. Considers Ban on China-Made 5G Technology

As the U.S. and China get ready to resume trade talks this month during the G20 Summit in Japan, the U.S. is reportedly considering a requirement that 5G technology used in the U.S. must be manufactured outside of China, CNBC reported (citing the Wall Street Journal).

The announcement continues the buildup of tension between the U.S. and Chinese telecommunications giant Huawei Technologies.

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The report notes that if such a ban were formalized, telecommunications firms like Nokia and Ericsson would have to move production outside of China in order to continue to be able to serve the U.S. market.