Steel Market Production Increases – Chinese steelmaker Zhongtian Iron & Steel Group is nearing the completion of a 5 mtpy longs plant that would expand the company’s total finished capacity to 11 mtpy. Five wire rod lines with a combined capacity of 3.5 mtpy have already been commissioned, and two bar mills with a combined capacity of 1.5 mtpy scheduled to begin production in January 2013.

Sources: Steel Business Briefing