Steel Market Production Cuts – Korean steelmaker Dongkuk has begun summer maintenance seven days early at its EAF based Incheon works due to an accident – the outage had previously been scheduled for July 17-27.
Steel Market Production Cuts – Tata steel’s strip unit in the UK has announced that it will take some production pauses at its facilities in Port Talbot and Lainwern, Wales over the summer.
Steel Market Production Increases – Chinese pipemaker Zhengzhou Jinghua Welded pipe plans to commission a new 520,000 tpy production capacity electric resistance welded (ERW) pipe plant by the end of July.
Steel Market Production Cuts – Czech plate and sections producer Evraz Vitkovice will be halting production for almost a month starting July 17th due to a planned interruption of the hot metal supply from ArcelorMittal Ostrava.
Steel Market Production Cuts – Central Trinidad Limited (Centrin) has extended its 30-day shutdown until August 17 at its 120,000 tpy plant citing an inability to find buyers for its excess inventories after it lowered prices.
Sources: Steel Business Briefing
