Steel Market Production Cuts – Japanese steelmaker JFE plans to cut H beam production by 10% for the months of July through September from April through June.
Steel Market Production Cuts – Chinese steelmaker Xinyu Iron & Steel will be performing maintenance on its HRC and plate production line in July for a total lost output of 80,000 to 100,000 tonnes.
Steel Market Production Cuts – Chinese steel producer Shougang Changzhi began maintenance on its H beam production line on June 28 with production slated to fall by a total of 15,000 tonnes over the course of the 8 day outage.
Steel Market Production Cuts – Gerdau Long Steel North America shut down its steel mill in Jacksonville, FL on Tuesday of last week due to flooding from Tropical Storm Debby though production at the rolling mill and EAF was able to restart on Thursday.
Steel Market Production Increases – Italian plantmaker Danieli group is planning to quickly restart production at the 120,000 tpy Croatian seamless pipe mill, Zeljezara Sisak that they purchased recently purchased from Commercial Metals Company.
Sources: Steel Business Briefing, SteelGuru, Commercial Metals corporate website
Hi,
What will then be the production changes effect on global or regional output?
Thanks
Nelson
In aggregate these production cuts should slow steelmaking globally; however, we have not seen much announced production cuts in China where most of the overproducing is happening.