Steel Market Production Increases – ArcelorMittal has restarted its heavy plate mill number 1 at its steelworks in Galati, Romania which together with  mill number 2 has an annual production capacity of 1 million tpy.

Steel Market Production Cuts – ArcelorMittal has confirmed that it intends to extend the summer shutdowns at its rod and bar mills in Zumarraga Spain and Gandrange, France for 3 weeks in the next two months and 4 weeks in August respectively – which along with output reductions at mills in Duisburg and Hamburg, Germany will result in a reduction of 125,000 tonnes of bar and wire rod output in 3Q12.

Steel Market Production Increases – Korea’s Dongkuk Steel Mill began hot trials on its new 1.2 million tpy high speed rebar rolling mill at its Incheon works.

Steel Market Production Cuts – Korea’s Dongkuk Steel Mill plans to stop production on its 650,000 tpy rebar mill at its Incheon works once its new high speed mill’s operations stabilize in September or thereafter.

Steel Market Production Cuts – The Chinese province of Jilan plans to eliminate 302,800 tpy of annual crude steel-making capacity in 2012 according to a government release.

Steel Market Production Increases – Welded pipe production began on June 18 for the first phase of Chinese steelmaker Fuyang Xinwan Metal Products new operation with an initial production capacity of 70,000 tpy.

Sources: Steel Business Briefing, SteelOrbis