Steel Market Production Cuts – China’s steel output dropped 3.9% in the last 11 days of May to an average of 1.96 million tonnes per day from 2.039 million tonnnes in the second ten days of May according to the China Iron and Steel Association (CISA).

Steel Market Production Cuts – Anshan Iron and Steel has planned maintenance for 15 days later this month which will result in the loss of 100,000 tonnes of HRC.

Steel Market Production Cuts – ArcelorMittal has scheduled maintenance at its mills in Asturias, Spain and Dunkirk, France which will result in a reduction of 700,000 tonnes of steel over the course of the outages.

Steel Market Production Cuts – Tata Steel is relining the 2.1 million tpy blast furnace number 4 at its Port Talbot works in Wales.

Steel Market Production Cuts – Citing a deterioration in market trends, Italian steelmaker Ilva will idle its electro-galvanizing line and one of the coil mills at its Taranto plant starting June 10 for a period of at least a “couple” days, up to 4 weeks.

Steel Market Production Increases – UK producer Thamesteel Ltd. has been taken out of administration by its former owner, Al-Tuwairqi Group who intends to restart production at the plant on the Isle of Sheppey. The plant has an annual production capacity of 840,000 tpy of billet and 600,000 tpy of bar and rod.

Steel Market Production Increases – Italian steelmaking group Beltrame will begin production on its new plate rolling mill in Tarnos, Southern France, with an initial annual production capacity of 250,000 tpy which is set to later rise to 400,000 tpy.

Sources: Steel Business Briefing, American Metal Market, Zawya