Steel Market Production Increases – Venezuelan state-owned steelmaker SIDOR re-started one of the two blast furnaces at its slab mill after being idled for 25 days because of a limestone shortage and is using the output to produce rebar.

Steel Market Production Cuts – Chinese steelmaker Shandong has been ordered by the Chinese government to cut crude capacity by 14.9 mtpy and finished capacity by 22 mtpy over the next three years.

Steel Market Production Increases – Chinese steelmaker Shougang has fired the furnace at a new 1.1 mtpy wire rod mill and plans to begin production in mid-January.

Steel Market Production Cuts – Egyptian steelmaker Ezz halted production at the 1.3 mtpy Suez HRC facility on Tuesday due to a strike and will resume production once the dispute is resolved.

Sources: Steel Business Briefing, American Metal Market