Steel Market Production Increases – Brazilian steel producer Gerdau has received funding for a new 770,000 tpy flat-rolled facility at the company’s Acominas plant, with the hot-rolling mill scheduled to come on line in early 2013 and the plate mill to follow in 2014.

Steel Market Production Cuts – Czech steelmaker Evraz Vitkovice Steel AS has halted operations at theOstravafacility indefinitely as a result of low demand and a need to “optimize stock supplies.”

Steel Market Production Increases – Indian steelmaker JSW plans to increase capacity at the JSW Ispat subsidiary from 3.3 mtpy to 8 mtpy, after finishing a capacity expansion from 10 mtpy to 12 mtpy at the company’ Vijayanagar facility.

Sources: Steel Business Briefing, Bloomberg