Our Advance/Decliner Index fell to a five-month low this week with the decline driven by our Ex-China Index falling to… more

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Steel Market Production Cuts – West-Coast steelmaker Evraz has temporarily suspended operations until November 5 at its North Portland plate and sheet rolling mill – which along with a structural tubing mill at the same site employs 500.

Steel Market Production Increases – On October 14, Indian steelmaker JSW restarted its No. 2 Hot Strip Mill located in Vijayanagar ahead of schedule following the facility’s closure on September 24^th to upgrade capacity to 5 million tpy from 3.5 million.

Steel Market Production Cuts – Russian steelmaker NLMK along with the Swiss steelmaker Duferco have announced to Belgian unions that they intend to cut half of the jobs at the La Louvière steelworks which produces both flat and long products and has a crude steel capacity of 800,000 tpy and a flat-rolling capacity of 2.6 million.

Steel Market Production Increases – Italian steelmaker Ilva has committed to environmental requirements that will enable the plant to continue operating at the current rate of 8 million tpy out of a total capacity of 11 million tpy.

Steel Market Production Increases – Chinese steelmaker Lingyuan plans to begin production at two new bar mills this month with a capacity of 1.1 million tpy of round and large diameter bars and 800,000 tpy of rebar capacity.

Sources: Steel Business Briefing, Metal Bulletin, SteelGuru