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August average daily steel production declined 3.9%, much more than the normal seasonal drop of 1.0%, as Chinese production – which had been rising while the rest of the …more
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Steel Market Production Cuts – The details of yesterday’s directive received by Italian steelmaker Ilva – from the court of Taranto – were made public today. Ilva will have to decommission two blast furnaces (No. 1 and No. 5) and its No. 1 BOF will be closed. The No. 2 BOF will be upgraded along with a reorganization of their scrap yard; costs from the maintenance plan are estimated to be €400 – €500 million.
Steel Market Production Cuts – Keystone Steel & Wire Co. is expected to take a two-week maintenance outage from Oct. 20 to Nov. 3 at its melt shop and rod mill in Peoria, IL.
Steel Market Production Increases – Brazilian-based Tuper finished construction on its 180,000 tpy OCTG plant in São Bento do Sul and announced a plan for a possible subsidiary in Houston, TX as the company’s primary goal is to meet U.S. demand.
Steel Market Production Increases – ArcelorMittal announced a €58 million, four-part investment plan for its operations in Poland. The plan includes upgrades for its No. 2 BOF and its hot-dip galvanizing line, a new service center for sheet (85,000 tpy capacity), and a high speed rail mill. The projects are expected to be completed by the end of next year.
Steel Market Production Increases – Gerdau announced plans to restart their Colombian longs operations that have been idled since late 2010. Muña (135,000 tpy) will be restarted in 2012 and Tocancipá (200,000 tpy) will be restarted in 2013.
Steel Market Production Increases – Brazilian steelmaker Arvedi Metalfer has ordered a new 150,000 tpy high frequency welded tube plant that is scheduled to become operational in May, 2013.
Sources: Steel Business Briefing, SteelOrbis, American Metal Market
Steel Market Production Increases – Ilva will present a plan to prosecutors next week on improving environmental protection at their Taranto Steelworks, located inItaly. The Italian government and the EU have issued statements committing to keeping the mill open.
Steel Market Production Increases – Anhui Changjiang Iron & Steel has begun trial runs of its new 1.1m tpy bar rolling mill in eastern China.
Steel Market Production Increases – Venezuelan steelmaker Sidor resumed production at its slab mill following an EAF explosion. The 870,000 tpy mill is currently operating with only 4 of 5 furnaces running at low production levels, but does not expect shipments to be affected.
Steel Market Production Increases – Chinese steelmaker Liuzhou currently has no plans to restart its No. 5 & 6 blast furnaces due to a negative market outlook – the furnaces have been down for “maintenance” since July and August for a total crude steel output reduction of 8,000 tonnes per day.
Steel Market Production Increases – Russian steelmaker Amurmetal plans to increase billet production to 60,000 tonnes in the month of September, compared with 40,000 tonnes in July and August.
Steel Market Production Increases – Spanish steelmaker Alfonso Gallardo Group announced the intent to continue operating their rebar mill in the north of Spain which has not been in operation since June due to a strike.
Steel Market Production Increases – The first phase of Baosteel’s OCTG project in Karamay,China began production on Wednesday, with annual capacity of 60,000 mt.
Sources: Steel Business Briefing, SteelOrbis
Steel Market Production Cuts – The China Iron and Steel Association (CISA) reported that for the last 11 days of August average crude steel production was 1.8715 million tonnes per day, down 3% from the middle 10 days of August.
Steel Market Production Cuts – China’s Ministry of Industry & Information Technology (MIIT) has released a variety of new environmental and productivity standards to be enforced starting October 2012, including a rule that requires a company that produces common steel products have a capacity of 1 million tpy and specialty producers have a capacity of 300,000 tpy.
Steel Market Production Increases – Chinese steelmaker Hebei has admitted that local government has discouraged permanent cuts to steelmaking capacity – instead favoring short-term maintenance outages.
Steel Market Production Cuts –China’s Ministry of Industry & Information Technology (MIIT) has reported that it intends to carry on with its campaign to close 7.8 million tpy of steelmaking capacity along with 10 million tpy of iron making capacity in 2012
Steel Market Production Cuts – Custodians of Italian steelmaker group Ilva’sTarantoplant have reportedly received a letter from Italian prosecutors asking them to immediately reduce harmful emissions – a request that according to unions could result in the cessation of melting.
Steel Market Production Cuts – Chinese steelmakerHebei’s subsidiary Tanshan Iron & Steel will be conducting blast furnace maintenance for 45-50 days, causing a total loss of 300,000-350,000 tonnes of hot metal output.
Steel Market Production Increases – Chinese steelmaker Liuzhou has begun production on its 2.25 million tpy iron-making capacity blast furnace number 4 following construction work.
Steel Market Production Cuts – Gerdau Long Steel North America plans to conduct a 5-10 day outage in early October at its 700,000 tpy crude steel making capacity mill inBeaumont,Texasto complete upgrades on the rolling end.
Steel Market Production Increases – Egyptian steelmaker Suez Steel will begin production this November on a new 1.25 million tpy capacity EAF.
Steel Market Production Increases – Mexican seamless pipe producer Tamsa is increasing production capacity by 50% to 1.23 million tpy by way of a new rolling mill that is ramping up production in the central state ofVeracruz.
Steel Market Production Increases – Czech plate and sections steelmaker Evraz Vitkovice has resumed production at its 950,000 tpy capacity meltshop which is now running at 76% capacity.
Sources: Steel Business Briefing, American Metal Market, SteelOrbis
