Category: ‘Uncategorized’

Steel Market Production Changes – September 21, 2012

September 21, 2012 Posted by Steel Market Intelligence

Steel Market Production Increases – Mexican steelmaker Ternium announced that production will begin in July 2013 at the greenfield 1.5 million tpy cold-rolling mill and 400,000 tpy hot-dipped galvanizing mill in Pesquería, Nuevo León.

Steel Market Production Cuts – Russian steelmaker Mechel announced that operations at the 810,000 tpy Romanian billet plant – Otelu Rosu – will be suspended indefinitely, beginning in October.

Steel Market Production Increases – General Steel Holding announced a plan to begin construction “within the year” on a 900,000 tpy rolling mill at the Longmen JV facility in central China. The current crude steel capacity of the facility is about 4 million tpy.

Steel Market Production Increases – Construction on Evraz’s 410,000 tpy Kostanay rebar rolling mill in Kazakhstan is approximately 30% complete and is expected to begin production in mid-2013.

Steel Market Production Increases – Libyan Iron & Steel Co (LISCO) announced that production at the Misurata hot-strip mill was restarted at the end of last month. LISCO has capacity for 580,000 tpy of HRC, 140,000 tpy of CRC, 80,000 tpy of HDG and 40,000 tpy of color-coated coil but according to Platts, “it is unlikely that all the lines are working and at full capacity.”

Sources: Steel Business Briefing, SteelOrbis, American Metal Market

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September 21, 2012 Posted by Steel Market Intelligence

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Lead Times Drop for All Sheet Products; HRC at Two-Month Low

September 21, 2012 Posted by Steel Market Intelligence

HRC lead times for the week ending September 16 deteriorated to an 8-week low of 3.1 weeks from 4.1 in the previous week, with some sources reporting lead times of 2 weeks.

Lead times for HDG also declined to 5.6 weeks from last week’s level of 6.2 weeks, while CRC lead times fell to 6.2 weeks from 6.4 in the previous week.

Sources: The Steel Index, Steel Business Briefing

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

Lead Times Drop for All Sheet Products; HRC at 2-Month Low

September 20, 2012 Posted by Steel Market Intelligence

HRC lead times for the week ending September 16 moved to an eight-week low of 3.1 weeks from 4.1 in the previous week, with some sources reporting lead times of 2 weeks.

Lead times for HDG also moved down to 5.6 from last week’s level of 6.2 weeks, while CRC lead times fell to 6.2 from 6.4 in the previous week.

Sources: The Steel Index, Steel Business Briefing

August Global Steel Production Posts Larger-than-Normal Drop; Korea Finally Showing Sharp Decline

September 20, 2012 Posted by Steel Market Intelligence

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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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August ABI Index Breaks 50 – More Architects Reporting Improvement

September 19, 2012 Posted by Steel Market Intelligence

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The American Institute of Architects’ (AIA) ABI Index – a leading indicator of non-residential construction activity 9-12 months into the future – rose for the third consecutive … more

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Domestic Mills Cut Rebar and Beams by Less than Scrap

September 19, 2012 Posted by Steel Market Intelligence

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Domestic mills reduced rebar and beams by $15/ton effective immediately, by offsetting the $28/ton scrap surcharge with a $13/ton base price increase, while mills cut …more

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August Flat-Rolled Distributor Inventories Drop Again – Shipments Post First Y-o-Y Decline in Nearly 3 Years

September 19, 2012 Posted by Steel Market Intelligence

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The MSCI August report held good news and bad news. Inventories for flat-rolled are continuing to decline, completely negating the view that flat-rolled pricing strength …more

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Advance/Decliner Index Snaps Four Weeks of Declines on Strengthening Chinese Prices

September 19, 2012 Posted by Steel Market Intelligence

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Our Advance/Decliner Index increased for the first time in five weeks, after falling to an eight-week low. The uptick was mainly driven by rebounding Chinese …more

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