Steel Market Production Cuts – The Serbian government plans to stop production at its 2.4 million tpy capacity Smederevo steel mill next month – with the plant having been running at much reduced capacity since before its sale by US steel.

Steel Market Production Cuts – Saudi rebar mill Al- Yamamah Company has placed its new 1.2 million tpy crude steel capacity EAF based meltshop and billet casting plant on hold while it negotiates with local authorities over power allocation.

Steel Market Production Increases – Italian steelmaker Riva has restarted its EAF based steelworks in Verona, Italy at a crude steel production rate of 2,500-2,600 tonnes per day of billets, rebar and wire rod after stopping two weeks ago due to a lack of demand.

Sources: Steel Business Briefing, Reuters