Steel Market Production Cuts – Brazilian flats maker ArcelorMittal Tubarão shut down the No. 1 blast furnace at its plant in Espirito Santo state on Friday. The revamping of the 3 million tonnes per year capacity furnace will take 3 months; MT restarted the 1.3m tpy No.2 blast furnace in March in anticipation of the shut down.

Steel Market Production Cuts – Singaporean Steel Maker NatSteel Holdings has ordered the modernization of its finger-shaft electric arc furnace in its Singapore Works. Commissioning of the modernized furnace is planned for March 2013.

Sources: Steel Business Briefing, Steel Orbis