Steel Market Production Cuts – Nippon Steel will halt H-beam production at its Kimitsu works near Tokyo for about ten days in early April to reduce beam inventories.
Steel Market Production Cuts – A shortage of orders has prompted ArcelorMittal’s flat products re-rolling plant in Skopje, Macedonia, to plan a week-long production outage to start within the next five days.
Steel Market Production Cuts – Rail production at Voestalpine’s German rolling mill, TSTG Schienentechnik in Duisburg, will be closed towards the end of 2012 due to the site’s inability to operate cost-effectively.
Steel Market Production Cuts – JMC Steel Group plans to acquire Atkore International Holdings’ Morrisville, Pa., hollow structural sections (HSS) and standard pipe mill then cease production at the facility.
Steel Market Production Cuts – Workers at the Alfonso Gallardo’s rebar plant, Corrugados Getafe, near Madrid, are to strike in response to the company’s plans to reduce the plant’s workforce by almost 50%, and the strike is set to impact production for four hours each shift during the four days (March 15th, 19th, 22nd and 23rd).
Steel Market Production Increases – According to China Iron and Steel Association’s latest report, its member steelmakers’ daily output reached 1.57 mt in the first ten days of March, up 0.7% from the previous ten days.
Steel Market Production Increases – Turkish longs producer Icdas will increase crude steel capacity by 1 mtpy to 5 mtpy in the coming months, when the company re-commissions the electric arc furnace that was transferred from Istanbul to its main production site.
Steel Market Production Increases – Kazakhstan’s ArcelorMittal Temirtau began production at its newly-installed 1.2 mtpy billet caster earlier this month, but the company has not set any production targets yet.
Steel Market Production Increases – Steelmaker ArcelorMittal has ordered a second converter for the meltshop at its Gijon, Spain, works, which will boost volume by around 25%.
Steel Market Production Increases – Casting Ltd in Kazakhstan’s northeastern Pavlodar region, is to double its rebar production capacity to 480,000 tpy, when it commissions a second 240,000 tpy rolling mill in the second quarter of 2012, increasing its finished product capacity to almost half of its 1 mtpy crude steel capacity.
Sources: Steel Business Briefing, American Metal Market
