Steel Market Production Increases – Chinese steelmaker Daan Special Steel is building a new 2 million tonne per year plant in Xinjian, China. The 800,000 tonne per year first phase of the project is scheduled to begin production in November of this year.

Steel Market Production Increases – Chinese steelmaker Jigang Group expects commissioning on phase 1 of its 300,000 tonne per year steel section and pipe project by May 10.

Steel Market Production Increases – Feida Group’s new EAF melting unit, the largest in China with a capacity of 1.8 million tonnes per year, was recently tested.

Steel Market Production Increases – According to the China Iron & Steel Association (CISA), China’s daily crude steel output during the second 10 days of the month was estimated at 2.005 million tonnes per day, down 1.26% from the first ten days.

Steel Market Production Cuts – ThyssenKrupp Steel has postponed plans to relight its number 9 blast furnace located in Duisburg Germany in June citing a lack of demand. The 1.7 million tonne per year capacity furnace was idled in January for a reline.

Sources: Steel Business Briefing, SteelOrbis