The World Steel Association's monthly report tracks raw (or crude) steel tonnage and capacity utilization across 65 countries. It notes that its participating countries represent about 98% of the world's raw steel output.
Crude prices slumped by about 60% between June and February, weighed down by a glut of global supplies and concerns about stalling demand.
The announcement by one of the world's biggest smartphone and tablet screen makers came two weeks after a media report said it was mulling construction of a plant dedicated to supplying smartphone screens to Apple.
The U.S. Census Bureau report shows factory orders dipped $0.9 billion, or 0.2% to $470 billion. It adds to December's fall of 3.5%.