Steel Market Production Cuts – Japan’s trade ministry has forecasted that steel output in Japan may fall by 1.9 percent for the quarter starting April 1 from the current quarter.

Steel Market Production Cuts – Steel output at a number of plants in Spain was disrupted yesterday due to a nationwide one-day strike that was participated in by 94% of the country’s metalworkers.

Steel Market Production Cuts – JSW Steel, India’s third largest producer has cut production at its largest plant, located in the Southern state of Karnataka, due to iron ore shortages resulting from government restrictions on iron mining in the area. The 10 million-metric-ton per year facility is operating at less than 70% capacity, compared with 90% in January.

Sources: Bloomberg, Steel Business Briefing