Posts Tagged: ‘steel production’

Steel Market Production Report – ArcelorMittal Re-Starts Brazilian Blast Furnace

December 26, 2012 Posted by Steel Market Intelligence

Steel Market Production Increases – ArcelorMittal has restarted the 3.5 mtpy blast furnace No. 1 at its 7.5 mtpy Tubarao facility in Brazil.

Steel Market Production Cuts – Following a pattern that has been in effect since 2010, most of Italy’s longs producers are idling their facilities for 2 to 4 weeks during the holiday season. This includes rebar producers Feralpi, Calvisano, Ferriere Nord, and Alfa, as well as sections producer Stefana and merchant bar producer Beltrame.

Steel Market Production Increases – Chinese longs producer Tianjin has successfully completed the testing phase of the continuous caster and wire rod line at the recently relocated N0. 3 Steel Rolling Mill.

Sources: Steel Business Briefing, SteelOrbis

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Domestic Raw Steel Production Continues to Climb Upwards

December 26, 2012 Posted by Steel Market Intelligence

For the week ending December 22, 2012, weekly domestic raw steel production rose 0.7% to a 15-week high of 1.840 million tons (mt), and is now up 9.6% from the recent low of 1.679 mt for the week of October 27, 2012.

We would caution readers that only half of the AISI reporting companies release their weekly production in “real time” so the other half of this data is estimated using the last month’s reported production & operating rate. What this means is that when production is changing, the weekly data is actually understating the change.

Capacity utilization came in at 74.5%, up from 73.9% last week, but still down from the year-ago level of 76.7%.

The lowest production since the recession began was 800,000 tons for the week of December 27, 2008, while the highest was 2.005 mt for the week of May 12, 2012. The lowest capacity utilization rate since the recession began was 33.5% for the week of December 27, 2008; the highest was 81.1% on May 12, 2012.

Source: AISI and Steel Market Intelligence

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Steel Market Production Report – Dansteel Now Offering Heavy Plate

December 21, 2012 Posted by Steel Market Intelligence

Steel Market Production Increases – Danish steelmaker Dansteel has begun operations at their new 4.2 mtpy heavy plate mill that will supply plates for off-shore drilling and off-shore wind platforms.

Steel Market Production Increases – Russian steelmaker Evraz has scheduled a re-start of the 950,000 tpy meltshop at its Czech unit, Evraz Vitkovice Steel. The meltshop has been idled since October and will be re-started on January 3, 2012.

Steel Market Production Increases – Chinese steel companies Xinyuantai and Shougang have completed the second phase of their OCTG joint venture after commissioning the final two pipe lines, adding 150,000 tpy of capacity and raising the total to 450,000 tpy.

Sources: Steel Business Briefing, SteelOrbis

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Steel Market Production Report – China and the Middle East Swept by Longs Increases

December 20, 2012 Posted by Steel Market Intelligence

Steel Market Production Increases – Chinese steelmaker Changzhi Iron and Steel has begun trials of a new 1.1 mtpy wire-rod mill that is scheduled to begin normal operations in January 2013.

Steel Market Production Increases – Chinese steelmaker Shangang is planning to commission a 1 mtpy wire rod and rebar mill at its new Xinjiang facility by year-end.

Steel Market Production Increases – Turkish steel re-roller Mescier Demir Celik has begun production of a new 250,000 tpy medium sections mill at the Bartin facility, bringing total production to 500,000 tpy.

Steel Market Production Increases – Turkish steel company Doga Group is entering into a joint venture EAF rebar mill in Iraq that will have capacity for 580,000 tpy of billet and 420,000 tpy of rebar, with production scheduled to begin in April 2013.

Sources: Steel Business Briefing, SteelOrbis

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November Global Steel Production Rises, Bucking Normal Seasonal Decline

December 20, 2012 Posted by Steel Market Intelligence

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On the back of rising steel prices, November global average daily steel production rose 0.5%, bucking the typical seasonal drop of 0.6%, although capacity utilization …more

For a copy of our full report and a free trial subscription, please contact us.

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Steel Market Production Report – ArcelorMittal Plans Year-Long BF Outage

December 19, 2012 Posted by Steel Market Intelligence

Steel Market Production Cuts – ArcelorMittal has idled a 1.3 mtpy blast furnace at the Temirtau tubes facility in Kazakhstan, for a complete revamp that will continue into 2014.

Steel Market Production Cuts – Chinese steelmaker Shagang will idle a 1.8 mtpy plate mill for a 15 day scheduled maintenance period, starting on December 26.

Steel Market Production Increases – Brazilian steelmaker Votorantim will begin production at its new 400,000 tpy rebar facility in mid-January.

Sources: Steel Business Briefing

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Steel Market Production Report – Sparrows Point to be Sold for Parts

December 17, 2012 Posted by Steel Market Intelligence

Steel Market Production Cuts – According to a Baltimore County executive, the 3.5 mtpy Sparrows Point facility will be officially disassembled and sold for parts, eliminating its capacity from the market.

Steel Market Production Cuts – Ukrainian steelmaker Ilyich Iron & Steel has pushed back the restart of one caster and indefinitely postponed the restart of another as they undergo repairs related to an accident on December 10th. As a result, Ilyich expects December production to be 20% lower than November’s levels of about 330,000 mt.

Steel Market Production Cuts – Turkish longs producer Icdas has idled the 1 mtpy EAF at the Biga facility due to weak demand and has not given any indication on when it will be re-started.

Steel Market Production Increases – Japanese steelmaker Nippon announced that a new blast furnace at its Wakayama facility is on-schedule to begin production in March and will provide a 50,000 tpy upgrade over the furnace it will replace.

Sources: Steel Business Briefing

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Domestic Raw Steel Production Hits Fifteen-Week High

December 17, 2012 Posted by Steel Market Intelligence

For the week ending December 1, 2012, weekly domestic raw steel production rose 1.4% to a 15-week high of 1.827 million tons (mt), and is now up 8.8% from the recent low of 1.679 mt for the week of October 27, 2012.

We would caution readers that only half of the AISI reporting companies release their weekly production in “real time” so the other half of this data is estimated using the last month’s reported production & operating rate. What this means is that when production is changing, the weekly data is actually understating the change.

Capacity utilization came in at 73.9%, up from 72.9% last week, but still down from the year-ago level of 78.5%.

The lowest production since the recession began was 800,000 tons for the week of December 27, 2008, while the highest was 2.005 mt for the week of May 12, 2012. The lowest capacity utilization rate since the recession began was 33.5% for the week of December 27, 2008; the highest was 81.1% on May 12, 2012.

Source: AISI and Steel Market Intelligence

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Iron Ore Price Continues to Climb

December 17, 2012 Posted by Steel Market Intelligence

The spot reference price for 62% Fe iron ore cfr North China increased 6.9% to $129.30 for the week ending December 14, 2012 and was up again today, reaching a new five month high of $132.20. The price is now some 52.5% higher than the recent low of $86.70 on 9/5/2012.

The spot price for iron ore averaged $141.84 in 1Q, $139.35 in 2Q, and $112.12 in 3Q; this compares to an average of $167.59 for full-year 2011.

The post-recession low was $59.10 on March 27, 2009, while the high was $190.19 on February 17, 2011.

Source: The Steel Index

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Steel Market Production Report – Baogang Increasing Rails Capacity

December 14, 2012 Posted by Steel Market Intelligence

Steel Market Production Increases – Chinese steel company Baogang has ordered a 400,000 tpy quenching line to produce rails and is expected to begin operations within twelve months.

Steel Market Production Increases – Indian steelmaker Agni Steel is close to commissioning the billet plant of a new South African rebar facility, with the finishing end not expected to come on-line until at least 2014.

Steel Market Production Cuts – Chicago based steelmaker JMC Steel Group has laid off roughly 43% of the workforce at its subsidiary Energex Tube’s Ontario facility and is contemplating a permanent closure of a pipe mill at the location.

Sources: Steel Business Briefing, SteelOrbis, American Metal Market

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