Steel Market Production Cuts – Chinese steelmaker Liuzhou Steel plans to suspend its blast furnace in Guangxi province for 45-50 days for a total loss of 200,000 tonnes of hot metal and to halt HRC, bar and wire rod lines for 15 days starting July 24th with a total output loss of 120,000 -140,000 tonnes of HRC.
Steel Market Production Cuts – Chinese steelmaker Hebei Wu’an Xianjin plans to halt production on a blast furnace for a 3-month overhaul with a total loss of 180,000 – 200,000 tonnes of crude steel over the period.
Steel Market Production Cuts – Chinese steelmaker Taiyuan Steel will be conducting maintenance on one of its HRC lines for 20 days starting in early August with a total output loss of 80,000 tonnes.
Steel Market Production Cuts – Chinese steelmaker Jinan Steel began 5-day maintenance on its HRC line on July 24th with a total output loss of 25,000 tonnes expected.
Steel Market Production Cuts – Chinese steelmaker Anshan Steel reportedly plans to conduct maintenance on their cold-rolled and HRC lines for 8-10 days in late July.
Steel Market Production Cuts – ArcelorMittal Piombino will idle its Italian operations for the whole month of August and reportedly plans to halve its workforce in September.
Steel Market Production Cuts – Chilean steelmaker CAP Acero has ceased production of cold rolled coils (CRC) at its 100,000 tpy capacity plant in Talcahuano, Chile with production scheduled to resume at the end of the year or or early 2013 according to some sources.
Steel Market Production Cuts – Spanish steelmaker Alfonso Gallardo group’s Corrugados Azpeiia mill in northern Spain has reportedly been idled since mid-June due to a strike despite the company having targeted output at 350,00o tpy during the strike.
Steel Market Production Cuts – Japanese steelmaker Kyoi Steel plans to stop steelmaking and rolling operations for 20 or 21 days this summer.
Sources: Steel Business Briefing, Bloomberg, MetalBulletin, SteelOrbis, SteelGuru
