Steel Market Production Cuts – Chinese steelmaker Wugang has suspended the planned 5 mtpy Brazilian JV with Brazilian steel company EBX, due to tough market conditions and high costs.

Steel Market Production Cuts – Chinese steelmaker Magang is relocating the 2 mtpy Hefei Steel longs subsidiary to a new location outside of Hefei city. Nothing from the current facility will be moved as the new facility will produce cold-rolled sheet, with a targeted capacity of 1.2 mtpy. The new CR mill is expected to be completed by year-end 2013 “at the earliest.”

Steel Market Production Increases – Russian steel company NLMK is nearing completion of the construction phase at the new 1.5 mtpy Kaluga longs mini-mill and is expected to begin production in early 2013.

Sources: Steel Business Briefing, NLMK website