Steel Market Production Cuts – According to a Baltimore County executive, the 3.5 mtpy Sparrows Point facility will be officially disassembled and sold for parts, eliminating its capacity from the market.
Steel Market Production Cuts – Ukrainian steelmaker Ilyich Iron & Steel has pushed back the restart of one caster and indefinitely postponed the restart of another as they undergo repairs related to an accident on December 10th. As a result, Ilyich expects December production to be 20% lower than November’s levels of about 330,000 mt.
Steel Market Production Cuts – Turkish longs producer Icdas has idled the 1 mtpy EAF at the Biga facility due to weak demand and has not given any indication on when it will be re-started.
Steel Market Production Increases – Japanese steelmaker Nippon announced that a new blast furnace at its Wakayama facility is on-schedule to begin production in March and will provide a 50,000 tpy upgrade over the furnace it will replace.
Sources: Steel Business Briefing
