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Important points from recent company investor calls, including Rio Tinto, BlueScope Steel, Usiminas, BHP Billiton, Vallourec and TMS International include: …more
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Our Advance/Decliner Index declined from the two-year high recorded the week before, but remained at a high level. Our China Index fell…more
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Steel Market Production Increases – Chinese steelmaker Baosteel has begun constructing the 50,000 tpy “first phase” of its precision steel wire facility in Jiangsu and expects it to come online in March. The eventual “second phase” will add another 100,000 tpy of capacity bring the facilities planned total capacity to 150,000 tpy.
Steel Market Production Cuts – Mexican steel company AHMSA has idled the hot-rolling mill at its Monclova facility for 9 days to scheduled maintenance.
Sources: Steel Business Briefing, SteelOrbis
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December Chinese net steel exports dropped 6.2% to a four-month low of 3.78 million tonnes (mt) compared with November’s 4.07 mt. We suspect…more
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January prices in Chicago for #1 busheling (prime) settled flat for the second straight month at $390/ton, while shredded was unchanged at $386/ton, we believe…more
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Steel Market Production Increases – Venezuelan state-owned steelmaker SIDOR re-started one of the two blast furnaces at its slab mill after being idled for 25 days because of a limestone shortage and is using the output to produce rebar.
Steel Market Production Cuts – Chinese steelmaker Shandong has been ordered by the Chinese government to cut crude capacity by 14.9 mtpy and finished capacity by 22 mtpy over the next three years.
Steel Market Production Increases – Chinese steelmaker Shougang has fired the furnace at a new 1.1 mtpy wire rod mill and plans to begin production in mid-January.
Steel Market Production Cuts – Egyptian steelmaker Ezz halted production at the 1.3 mtpy Suez HRC facility on Tuesday due to a strike and will resume production once the dispute is resolved.
Sources: Steel Business Briefing, American Metal Market
New Report Preview:
After falling 0.8% in early December, Chinese steel production estimated by the China Iron & Steel Association (CISA) for the second 10 days of December declined another …more
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November preliminary steel imports rose a surprising 4.7% to 2.66 million tons (mt) from October’s 2.54 mt as semi-finished tonnage jumped nearly 40% to the highest level…more
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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
New Report Preview:
Our Advance/Decliner Index slipped from last week’s 9-month high, while our China Index stayed strong – though down slightly from last week- as Chinese mills increased…more
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