Steel Market Production Cuts – ArcelorMittal Poland is running its three active furnaces at various output levels to optimize operations and avoid any idling since the market remains weak – with industry sources reporting that the company’s scrap buying is down and output has fallen.

Steel Market Production Cuts – At least 10 Chinese plate producers reportedly have decided to reduce or stop production altogether this week citing a lack of orders.

Steel Market Production Increases – Chinese producer Bayi Steel, a subsidiary of Baosteel, has announced that it has completed the installation of the main equipment at its new 3 million tpy production base in Baicheng, China.

Steel Market Production Cuts – The government of the city of Ezhou in China’s Hubei Province has announced the elimination of 1 million tpy of crude steel production capacity for this year.

Steel Market Production Cuts – Central Trinidad Steel Limited has announced it is stopping production for at least one month at its 120,000 tpy plant due to excess inventory that it cannot sell.

Steel Market Production Increases – Iranian producer Saba Foolad Zagros plans to commission a 400,000 tpy rebar rolling mill in October.

Sources: Steel Business Briefing, American Metal Market, SteelOrbis, SteelGuru, Central Trinidad Steel Limited Company Webpage