Steel Market Production Increases – ArcelorMittal Termitau plans to resume normal operations by the end of the month following a fire on May 15th that led to the idling of the hot coil rolling and galvanizing lines as well as reduced production at the CRC mill.
Steel Market Production Increases – Chinese producer Xugang has announced that it plans to construct new facilities with a total production capacity of 10 million tonnes per year in a move intended to shift its focus to the production of specialty steels.
Steel Market Production Cuts – Nippon Steel is extending its reduction in output of H-beams and sheet pile at its Kimitsu works till at least the end of June from early June, citing high inventories.
Sources: Steel Business Briefing, American Metal Market, SteelOrbis
