Steel Market Production Cuts – Italian steel company Lucchini will suspend production of the 2.4 mtpy blast furnace at the Piombino longs facility due to “declining demand” and will not resume operations until after the holidays at the earliest.

Steel Market Production Cuts – Italian steelmaker Beltrame will not resume production at the 800,000 tpy EAF in Turin until year-end; two rolling mills for merchant bar are currently operating at 70% of capacity at the facility(650,000 tpy).

Steel Market Production Cuts – Italian steelmaker Beltrame announced that it will close the 110,000 tpy Marghera special sections mill with no plans to re-open it in the future.

Steel Market Production Cuts – Days after announcing a stoppage of the DEMZ facility in Ukraine, Russian steelmaker Mechel is idling all production in Romania due to “unfavorable prices” and intends to divest all five of the company’s Romanian plants.

Steel Market Production Increases – Indian steelmaker Tata announced a restructuring plan for the company’s UK operations, which includes restarting both the Port Talbot blast furnace No. 4 and the 3.3 mtpy Llanwern hot strip mill.

Sources: Steel Business Briefing