Steel Market Production Cuts – An Italian Court reportedly ordered the stoppage of raw materials being shipped to Ilva’s the 11 million tpy capacity steel plant in Taranto, Italy – the company reportedly has enough raw materials on hand to run for 15-20 days.

Steel Market Production Increases – Chinese steelmaker Angang will be commissioning a new 1.6 million tpy special steel mill in November of this year.

Steel Market Production Cuts – Chinese steelmaker Jiyuan has been ordered byChina’s Ministry of Industry & Information Technology (MIIT) to eliminate 800,000 tpy of steelmaking capacity through the shutdown of two converters.

Steel Market Production Cuts – Chinese steelmaker Tianli has been ordered by China’s MIIT to permanently shutter its 300,000 tpy blast furnace.

Steel Market Production Cuts – Chinese steelmaker Fulong has been ordered by China’s MIIT to eliminate 300,000 tpy of steelmaking capacity through the shutdown of two EAFs by December of this year.

Steel Market Production Increases – Ukrainian steelmaker Alchevsk plans to increase its output of crude steel in September by 10% compared to August to around 321,000 tonnes.

Sources: Steel Business Briefing, SteelOrbis