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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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

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