Steel Market Production Increases – Republic Steel has broken ground today on a new 1.2 million tpy capacity EAF in Lorain Ohio. The additional capacity will be used to produce SBQ and is scheduled to come online in 2Q13.

Steel Market Production Cuts – Henan Province in China has announced planned crude steel capacity elimination targets of 1.3 million tpy for 2012.

Steel Market Production Increases – China’s Jiangsu Tianhuai Steel Pipe commissioned a 500,000 tpy high grade seamless pipe mill on May 28.

Steel Market Production Cuts – The Chinese province of Fujian has announced annual production capacity elimination targets of 180,000 tpy of crude steel for this year.

Sources: Steel Business Briefing, SteelGuru, PR Newswire, MySteel