Steel Market Production Changes – August 15, 2012

August 15, 2012 Posted by Steel Market Intelligence

Steel Market Production Cuts – ThyssenKrupp Steel USA says it will lay off almost 200 employees from its Calvert, AL rolling operations citing weaker market conditions than originally anticipated.

Steel Market Production Cuts – Chinese pipemaker Hengyang Valin Steel Tube has lowered its output target by 7% to 1.3 million tonnes after having just brought a new 500,000 tpy seamless pipe mill online last week.

Sources: Steel Business Briefing, American Metal Markets

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