Steel Market Production Increases – Brazilian steelmaker Gerdau hopes to resume production at the 600,000 tpy Sayreville, NJ plant by next week or sooner. The facility had lost power due to Hurricane Sandy, but avoided any damage and is in the process of being restarted.
Steel Market Production Increases – Korean HRC producer Hyundai Steel will increase hot strip capacity by 2 mtpy to 5.5 mtpy at the Dangjin facility, bringing the mill’s total HRC capacity to 10.3 mtpy by June 2013.
Steel Market Production Increases – Indian company Tata Steel is increasing sheet and coil capacity at the Jamshedpur facility from 6.8 mtpy to 10 mtpy by year end.
Steel Market Production Increases – Ukrainian steelmaker Industrial Union of Donbass aims to increase output of the Alchevsk subsidiary in November by 7% for rolled steel and 10% for crude, to 330,000 tpy and 365,000 tpy respectively.
Steel Market Production Cuts – Indian steelmaker Sail has backtracked on the previously reported plan to increase crude capacity to 24 mtpy by March 2013, and has reduced expectations to 18 mtpy. Current capacity is about 14 mtpy and the company still plans to reach 24 mtpy eventually.
Sources: Steel Business Briefing, American Metal Market, SteelOrbis
