Steel Market Production Cuts – RG Steel plans to idle its No. 4 galvanizing line in Sparrows Point, Md., for about a week in April for scheduled repairs.

Steel Market Production Cuts – Russian steelmaker Severstal plans to produce around 410,000 tonnes of hot rolled steel, 100,000 tonnes of cold rolled steel and 50,000 tonnes of long steel in March, down 10%, 15% and 30%, respectively, from February.

Steel Market Production Increases – Saudi Arabia’s South Steel is close to completing the construction of an electric arc furnace-based billet plant with a capacity of 1 mtpy, as well as a 500,000 tpy rebar mill, and commercial output will begin by July.

Steel Market Production Increases – UAE-based steel producer Emirates Steel Industries (ESI) plans on commissioning its 1 mtpy capacity heavy and jumbo section steel mill by July this year.

Sources: American Metal Market, Steel Business Briefing, Steel Orbis