Steel Market Production Increases – Chinese steel company Baogang has ordered a 400,000 tpy quenching line to produce rails and is expected to begin operations within twelve months.

Steel Market Production Increases – Indian steelmaker Agni Steel is close to commissioning the billet plant of a new South African rebar facility, with the finishing end not expected to come on-line until at least 2014.

Steel Market Production Cuts – Chicago based steelmaker JMC Steel Group has laid off roughly 43% of the workforce at its subsidiary Energex Tube’s Ontario facility and is contemplating a permanent closure of a pipe mill at the location.

Sources: Steel Business Briefing, SteelOrbis, American Metal Market