Steel Market Production Changes – April 30, 2012

April 30, 2012 Posted by Steel Market Intelligence

Steel Market Production Increases – Evraz North America’s rod and bar mill in Pueblo, Colorado resumed operations on Thursday after a fatality on Tuesday. The Pueblo facility has 500,000 tpy capacity and produces, rod, bar, rail and seamless pipe.

Steel Market Production Increases – To support increased SBQ demand from the automotive industry, Brazilian steelmaker Gerdau plans to increase rolling capacity at its Pindamonhangaba mill in São Paulo from 700,000 tonnes per year to 1.2 million tonnes per year by the end of 2012. The producer also plans to increase rolling capacity at its Mogi das Cruzes mill in Sao Paulo from 216,000 tonnes per year to 276,000 by 2012.

Steel Market Production Cuts – Italian steel producer ILVA has temporarily halted production on the electro-zinc line at its Taranto plant. The closure is set to last until mid-May with the company taking advantage of weak demand to carry out maintenance.

Sources: Steel Business Briefing

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