Steel Market Production Increases – Chinese steelmaker Baosteel has begun constructing the 50,000 tpy “first phase” of its precision steel wire facility in Jiangsu and expects it to come online in March. The eventual “second phase” will add another 100,000 tpy of capacity bring the facilities planned total capacity to 150,000 tpy.
Steel Market Production Cuts – Mexican steel company AHMSA has idled the hot-rolling mill at its Monclova facility for 9 days to scheduled maintenance.
Sources: Steel Business Briefing, SteelOrbis
