Steel Market Production Increases – UAE producer Al Ghurair Iron & Steel plans to commission its new 200,000-400,000 tonnes per year hot-dip galvanizing line by the end of 2013.
Steel Market Production Cuts – South Korean producer Dongkuk plans to shut down its 1 million tonne per year No. 1 plate mill at Pohang on June 10th due to overcapacity in the domestic market.
Steel Market Production Cuts – ArcelorMittal plans to stop production at 2.2 million tonne per year blast furnace B at its Gijon plant in Spain for 40-45 days in July for relining.
Sources: Steel Business Briefing, SteelOrbis
