Steel Market Production Cuts – ArcelorMittal has reportedly failed to rule out making more cuts in Europe with the company’s CEO citing severe imbalance in steel supply and demand, although a company spokesman said that no further plans have been announced.

Steel Market Production Increases – Indian steelmaker SAIL plans to complete its plant expansion program at five of its integrated plants by next year – for a 70% increase in crude steel capacity to 23.4 million tonnes per year (mtpy) from the current 13.8 mtpy.

Sources: Steel Business Briefing, FinancialTimes