Steel Market Production Changes – August 14, 2012

August 14, 2012 Posted by Steel Market Intelligence

Steel Market Production Cuts – A local court ruled this weekend that the Italian steelmaker Riva Group’s 11 million tpy capacity Ilva plant nearTarantocannot continue operating while required environmental retrofits are made.

Steel Market Production Increases – Chinese steelmaker Yukun Steel has begun operations at its new 1.227 million tpy capacity blast furnace inYunnanProvince.

Steel Market Production Cuts – Chinese steelmaker Masteel has shut its medium plate line on August 11 for an output loss of 15,000 tonnes and no restart time specified.

Steel Market Production Increases – South African producer Evraz Highveld has restarted operations after having temporarily suspended them since the end of July due to a strike.

Steel Market Production Increases – Trinidadian steelmaker Centrin has resumed operations today following a demand induced stoppage on June 17 – the company plans to produce steel at its longs mill at a rate of 8,000 tonnes per month.

Sources: Steel Business Briefing, SteelOrbis, SteelGuru and  Evraz Press Release

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