Posts Tagged: ‘steel production’

Daily Steel Market Production Changes – Gerdau Adding Flat-rolled Capacity in Brazil

October 11, 2012 Posted by Steel Market Intelligence

Steel Market Production Increases – Brazilian steel producer Gerdau has received funding for a new 770,000 tpy flat-rolled facility at the company’s Acominas plant, with the hot-rolling mill scheduled to come on line in early 2013 and the plate mill to follow in 2014.

Steel Market Production Cuts – Czech steelmaker Evraz Vitkovice Steel AS has halted operations at theOstravafacility indefinitely as a result of low demand and a need to “optimize stock supplies.”

Steel Market Production Increases – Indian steelmaker JSW plans to increase capacity at the JSW Ispat subsidiary from 3.3 mtpy to 8 mtpy, after finishing a capacity expansion from 10 mtpy to 12 mtpy at the company’ Vijayanagar facility.

Sources: Steel Business Briefing, Bloomberg

Chinese Steel Production Flash – Late-September Production Hits New Lows

October 11, 2012 Posted by Steel Market Intelligence

New Report Preview:

Estimated Chinese steel production fell another 0.7% to 1.843 million tonnes per day (mtpd) for the last 10 days of September, and is now down some 10% from the peak in …more

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Steel Market Production Changes – Iron Ore Shortage Threatens AMSA

October 11, 2012 Posted by Steel Market Intelligence

Steel Market Production Cuts – ArcelorMittal South Africa (AMSA) announced that the 1.2 tpy Saldanha facility may be affected by an iron ore shortage due to a force majeure at the plant’s supplier, Sishen Iron Ore Co. The shortage is expected to last “approximately two weeks” and the steel plant only has inventory to continue operations for a week and a half.

Steel Market Production Increases – Italian steel plant maker Danieli plans to restart semi-finished production at a limited rate of 300 tonnes per day at the company’s 500,000 tpy capacity Sisak Works in “the first week of November”.

Steel Market Production Increases – Czech pipe producer Trinecke Zelezarny commissioned a new anti-corrosion coating line at the Ostrava tube facility.

Sources: Steel Business Briefing

Domestic Raw Steel Production Falls Again – Remains at 20-Month Low

October 8, 2012 Posted by Steel Market Intelligence

For the week ending October 6, 2012, weekly domestic raw steel production declined 1.3% to 1.757 million tons (mt), the second consecutive week at the lowest level since January 2011.

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 fell again to 71.1% this week, below last week’s 72.0% and like production, is at the lowest level since January 2011.

The lowest production level since the recession began was 800,000 tons for the week of December 27, 2008, while the highest level 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

Scrap Outlook – October Scrap Prices Likely to Drop More than Expected

October 5, 2012 Posted by Steel Market Intelligence

New Report Preview:

With domestic steel production dropping to a 20-month low in the past week (and keeping in mind that the “weekly” production data is about half the prior month so trend …more

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Steel Market Production Changes – ArcelorMittal Cuts Big

October 4, 2012 Posted by Steel Market Intelligence

Steel Market Production Cuts – ArcelorMittal announced a permanent shutdown of the 2.5 mtpy Florange, France slab plant that was idled in 2011. The company has made a commitment to the French government to try and sell the plant in the next 60 days, while the finishing lines will continue to operate by sourcing slab from the company’s Dunkirk mill.

Steel Market Production Cuts – ArcelorMittal’s Kazakhstani subsidiary Temirtau aims to cut rolled steel production by 17% in October to 210,000 tonnes, furthering the 10% year-to-date production decline experienced so far this year.

Steel Market Production Cuts – ArcelorMittal will begin to idle the wire rod mill at the Schifflange facility by the end of the year, completing the indefinite shutdown that began in 4Q 2011. The wire rod mill has been operating at only 10% of capacity since then, and orders are expected to be shifted to the newer Duisburg,Germanyplant.

Steel Market Production Increases – Yigang, a subsidiary of Chinese steelmaker Shougang, has finished the testing phase of a new 800,000 tpy bar mill that is part of an upgrade plan to increase both crude and finished steel production at the facility to 2 mtpy.

Steel Market Production Increases – Chinese steelmaker WSP Holdings announced that production at a new 200,000 tpy OCTG plant in Thailand started up in 1H, and an American Petroleum Institute audit was completed in July.

Steel Market Production Increases – Russian steel producer MMK Group plans to boost output at the MMK-METIZ hardware plant by 10% from 496,000 tpy in 2012 to nearly 546,000 tpy in 2013.

Steel Market Production Increases – Taiwanese steelmaker Chung Hung Steel is targeting June 2013 for the start of the testing phase for a new 200,000 tpy structural/OCTG pipe mill in western Taiwan.

Steel Market Production Increases – Turkish steelmaker Tosyali is set to begin operations of a new Algerian facility in February 2013. The plant will be comprised of a 1 mtpy EAF and an 800,000 tpy rebar rolling mill, although the intial run-rate is expected to be 300,000 tpy until hitting a 500,000 tpy rate by June.

Steel Market Production Cuts – Brazilian steelmaker VSB has pushed back the original completion date of 1H 2013 for the new integrated steel facility by as much as two years after the second blast furnace was delayed.

Sources: Steel Business Briefing, SteelOrbis, American Metal Market

Chinese Steel Production Flash – Mid-September Production Declines Again to Seven-Month Low

September 26, 2012 Posted by Steel Market Intelligence

New Report Preview:

Estimated Chinese steel production declined 2.0% in mid-September to 1.857 million tonnes per day (mtpd) after a surprising 1.2% increase in early September which we …more

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Steel Market Production Changes – September 24 and 25, 2012

September 25, 2012 Posted by Steel Market Intelligence

Steel Market Production Increases – Chinese pipe fabricator Kingland plans to construct a 200,000 tpy spiral submerged arc welded pipe mill for the production of oil and gas line pipe. This is an increase from the original plans for a 120,000 tpy mill and will add to Kingland’s current capacity of 900,000 tpy for welded pipe.

Steel Market Production Increases – Chinese steelmaker Hanzhong Iron and Steel is assembling a new 600,000 tpy wire rod mill that is scheduled to begin production in early 2013. The new mill is a complement to the 1 million tpy double-strand wire rod facility that was commissioned last month at the 3 million tpy Hanzhong steel plant.

Steel Market Production Increases – Turkish steelmaker Kardemir has ordered a new basic oxygen furnace (BOF), as well as an expansion of the two existing BOFs at the Karabuk plant that will expand total capacity from 1.3 million tpy to 3 million tpy. The new BOF is scheduled to be commissioned in September 2013.

Sources: Steel Business Briefing, SteelOrbis

Weekly Raw Steel Production Posts Slight Gain

September 25, 2012 Posted by Steel Market Intelligence

Weekly domestic raw steel production for the week ending September 22, 2012 increased a nominal 0.4% to 1.824 million tons (mt) from last week’s 1.817 mt, but was down 1.5% year-on-year. Production has increased just 0.7% since reaching a 10-month low of 1.811 mt two weeks ago.

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 prior months’ reported production & operating rate. What this means is that when production is changing, the weekly data is actually understating the change.

Capacity utilization rose to 73.8% this week, slightly above last week’s 73.5% but well below the year-ago level of 75.7%.

The lowest production level since the recession began was 800,000 tons for the week of December 27, 2008, while the highest level 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

Steel Market Production Changes – September 19-20, 2012

September 20, 2012 Posted by Steel Market Intelligence

Steel Market Production Cuts – JFE Steel, Japan’s largest plate producer, announced a 20% production cut for commodity and ship plate production by 20% from October through December; JFE produced about 4.41 mt of plate in 2011.

Steel Market Production Cuts – ArcelorMittal halted production at its Gijon plate mill on September 14 and its Aviles hot-strip mill on September 17. The company expected to re-start both mills today but had to push it back due to a one day strike by all of their Spanish workers.

Steel Market Production Increases – Chinese steelmaker Hanzhong Iron & Steel Group Company, Ltd ordered a new 600,000 tpy wire rod mill that is expected to become operational in early 2013.

Steel Market Production Increases – Mexican steelmaker Tubacero announced plans to build a 200,000 tpy spiral-weld pipe mill in Monterrey that is scheduled to begin production in the second quarter of 2013.

Steel Market Production Increases – Adria Steel, a Croatian rebar mini-mill, plans to re-start a 200,000 tpy meltshop by the end of October. The company hopes this will increase the efficiency and production of its rebar rolling process as the company will no longer have to import billet.

Steel Market Production Increases – Turkish pipemaker Ozbal doubled the production capacity of its new spiral-welded pipe mill – that came on line in March 2012 – to 150,000 tpy.

Sources: Steel Business Briefing, SteelOrbis, American Metal Market