Steel Market Production Cuts – ArcelorMittal has proposed to idle its electric arc furnace and continuous caster at Schifflange, Luxembourg, for an indefinite period of time due to continued weakness in the European construction market.

Steel Market Production Increases – According to China Iron and Steel Association’s latest production “flash,” China produced 1.898m tonnes/day of crude steel during the first ten days of March, up 13.1% from 1.679m tpd in the last nine days of February.

Sources: Fox Business, Steel Business Briefing