New Report Preview:
According to Pipe Logix, November OCTG prices declined another $12/ton (or 0.7%) to the lowest since March 2011 as prices for welded and seamless pipe declined…more
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New Report Preview:
According to Pipe Logix, October OCTG prices declined for the seventh straight month, falling another $40/ton (or 2.2%), and bringing the two-month drop to $80/ton, the …more
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Steel Market Production Increases – Ukrainian pipe-maker Interpipe stated that the new 1.32 mtpy Dneprostal EAF plant has been started up and is going to be the largest EAF in Eastern Europe.
Steel Market Production Increases – Ukrainian steelmaker Industrial Union of Donbass aims to increase output at the Alchevsk subsidiary by 13% in October for rolled steel and 11% for crude, to 310,000 tpy and 345,000 tpy respectively.
Steel Market Production Cuts – Wisconsin-based Charter Steel announced a maintenance outage at the 650,000 tpy Cleveland plant from Nov. 16 through Dec. 3 to upgrade the EAF.
Steel Market Production Increases – Russian pig iron manufacturer Kosaya Gora Iron Works announced plans to restart the 360,000 tpy No. 3 blast furnace sometime in 1H13.
Steel Market Production Increases – The equipment manufacturing arm of China National Petroleum Corp (CNPC) began operations at a new 100,000 tpy OCTG line pipe mill in September.
Steel Market Production Increases – Italian steelmaker ABS, a subsidiary of Danieli, announced that the Sisak, Croatia mill’s EAF will be restarted in November. The mill was purchased from Commercial Metals Company in June.
Sources: Steel Business Briefing, SteelOrbis, American Metal Market
Steel Market Production Cuts – ArcelorMittal announced a permanent shutdown of the 2.5 mtpy Florange, France slab plant that was idled in 2011. The company has made a commitment to the French government to try and sell the plant in the next 60 days, while the finishing lines will continue to operate by sourcing slab from the company’s Dunkirk mill.
Steel Market Production Cuts – ArcelorMittal’s Kazakhstani subsidiary Temirtau aims to cut rolled steel production by 17% in October to 210,000 tonnes, furthering the 10% year-to-date production decline experienced so far this year.
Steel Market Production Cuts – ArcelorMittal will begin to idle the wire rod mill at the Schifflange facility by the end of the year, completing the indefinite shutdown that began in 4Q 2011. The wire rod mill has been operating at only 10% of capacity since then, and orders are expected to be shifted to the newer Duisburg,Germanyplant.
Steel Market Production Increases – Yigang, a subsidiary of Chinese steelmaker Shougang, has finished the testing phase of a new 800,000 tpy bar mill that is part of an upgrade plan to increase both crude and finished steel production at the facility to 2 mtpy.
Steel Market Production Increases – Chinese steelmaker WSP Holdings announced that production at a new 200,000 tpy OCTG plant in Thailand started up in 1H, and an American Petroleum Institute audit was completed in July.
Steel Market Production Increases – Russian steel producer MMK Group plans to boost output at the MMK-METIZ hardware plant by 10% from 496,000 tpy in 2012 to nearly 546,000 tpy in 2013.
Steel Market Production Increases – Taiwanese steelmaker Chung Hung Steel is targeting June 2013 for the start of the testing phase for a new 200,000 tpy structural/OCTG pipe mill in western Taiwan.
Steel Market Production Increases – Turkish steelmaker Tosyali is set to begin operations of a new Algerian facility in February 2013. The plant will be comprised of a 1 mtpy EAF and an 800,000 tpy rebar rolling mill, although the intial run-rate is expected to be 300,000 tpy until hitting a 500,000 tpy rate by June.
Steel Market Production Cuts – Brazilian steelmaker VSB has pushed back the original completion date of 1H 2013 for the new integrated steel facility by as much as two years after the second blast furnace was delayed.
Sources: Steel Business Briefing, SteelOrbis, American Metal Market
Steel Market Production Cuts – Italian steelmaker ILVA has been given a direct order to shutter the hot end at the 11 million tpy Taranto plant after the judge denied a plan that would allow production to continue at 70% of capacity during the renovation process.
Steel Market Production Cuts – Baosteel, China’s largest steel company, halted operations at the 3 million tpy plate mill in Luojing, Shanghai to prevent further operating losses.
Steel Market Production Increases – Production will begin shortly at Mexican steel company Deacero’s new 500,000 tpy Ramos Arizpe longs mill, with the potential for capacity to eventually increase to 1.5 million tpy, adding to existing output of 3 million tpy.
Steel Market Production Cuts – Japanese rebar producer Kyoei Steel will cut production further in September and October, increasing the total cut from 30-40% to 50%.
Steel Market Production Increases – Chinese steelmaker Weiyuan Iron & Steel Company has ordered a new 650,000 tpy wire rod mill expected to come on line in 2Q 2013.
Steel Market Production Increases – Turkish steel company Izmir Demir Celik (IDC) is planning to begin test-runs of a new 400,000 tpy medium sections mill sometime in December. The new mill will increase IDC’s total finished steel capacity to 1.3 million tpy.
Steel Market Production Increases – Russian pipe maker Vyksa will begin installing three new welded pipe mills before the end of 2012, with a start-up goal of mid-2013. The new mills will replace the current four mills at the No.2 pipe shop and will increase capacity by nearly 50% to 300,000 tpy.
Sources: Steel Business Briefing, SteelOrbis
New Report Preview:
According to Pipe Logix, September OCTG prices declined for the sixth consecutive month, falling $40/ton (or 2.1%) to $1,811/ton, as seamless prices slid 2.6% for the single …more
For a copy of our full report and a free trial subscription, please contact us.
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
The number of active oil and natural gas rigs in the United States fell to 1,864 for the week ending September 7, 2012, down 1.6% from the prior week, 4.8% from the year-ago level and the lowest since June 2011.
The highest weekly rig count in theUnited States since 1940 was recorded on December 28, 1981, at 4,530; the lowest was recorded on April 23, 1999, at 488.
The number of rigs in Canada increased this week by 9.2% to 345 compared with 316 last week but was down 33.0% from the year-ago level.
The highest rig count forCanadawas 727 on February 3, 2006; the lowest was 29, recorded on April 24, 1992.
Source: Baker Hughes Inc.
