Steel Market Production Cuts – China’s Henan province has set targets for the elimination of 1.3 million tpy of outdated steelmaking capacity in 2012.
Steel Market Production Increases – Japanese producer Nippon Steel has blown-in the No.2 blast furnace at its Kimitsu works following a reline. The inner volume has been expanded to 4,500 cubic meters from 3272 with crude steel capacity to grow by 700,000 tpy.
Steel Market Production Increases – Korean producer Posco has inaugurated its new 450,000 tpy hot dipped galvanized and galvannealed auto sheet plant in India with operations at full capacity having begun on May 28th.
Steel Market Production Increases – Chinese producer Bagang, a subsidiary of Baosteel, has commissioned a 400,000 tpy ERW pipe mill in northwest China this month.
Steel Market Production Increases – Chinese welded pipe maker Jiangsu Yulong expects their new 170,000 tpy ERW pipe mill to be online by the end of this year.
Steel Market Production Increases – Azerbijan’s billet and rebar producer Baku has begun construction on two rolling mills with a combined capacity of 180,000 tpy to be commissioned in December 2012 and the first half of 2013.
Sources: Steel Business Briefing, SteelOrbis
