Steel Market Production Cuts – Nucor is planning to idle the Marion, Ohio rolling mill for a week beginning October 21 and will also idle the Kankakee, Illinois bar mill from October 28 to November 3. Both of the outages are for routine scheduled maintenance.
Steel Market Production Increases – Indian steelmaker JSW announced that a scheduled 21 day maintenance outage at the No. 2 hot strip mill was completed ahead of schedule and increased capacity from 3.5 mtpy to 5.0 mtpy.
Steel Market Production Increases – Russian steelmaker Severstal plans to begin operations at the new 1 mtpy Balakovo longs facility in 2Q13.
Steel Market Production Increases – Brazilian steelmaker Gerdau Long Steel NA has delayed an expected 5-10 day maintenance outage from October to November 1st at the 800,000 tpy Beaumont rolling mill.
Steel Market Production Cuts – Korean steel production will decrease in October as Dongbu Steel plans to cut HRC levels by 50,000t and Hyundai Steel plans to cut rebar production by 60,000t, due to weakness in their respective markets.
Sources: Steel Business Briefing, American Metal Market, SteelOrbis
