Steel Market Production Cuts – Russian coking coal and steel producer Mechel will additionally suspend production at two billet plants, Mechel Targoviste and Ductil Steel Otelu Rosa, on Saturday, February 18th, after severe snowfall and freezing temperatures halted scrap and other raw materials deliveries to the sites.
Steel Market Production Cuts – The Serbian steel industry is lowering production after the government imposed tough measures to curb power consumption and the harsh weather conditions disrupted main transport routes.
Steel Market Production Cuts – German wire rod producer Trierer Stahlwerke (TSW) stopped production yesterday after the decision was made during a meeting with the board members of the Pampus Group, owner of TSW, on Wednesday.
Steel Market Production Increases – Italy’s Marcegaglia is aiming to double the output at its welded tube plant in Kluczbork to 100,000 tpy in 2012.
Steel Market Production Increases – Gerdau is resuming operations at a meltshop in Colombia that was closed and liquidated in 2009 by its previous owner, Siderurgica del Pacifico (Sidelpa). Furthermore, Gerdau will be adding 80,000 tpy of rolling capacity to its operations located in Tuta and Tocancipa, Colombia.
Steel Market Production Increases – Production at pickling line No.2 with a capacity of 750,000 tpy at Tata’s Llanwern rolling mill in the UK is expected to restart in March.
Steel Market Production Increases – Japanese mini-mill Kyoei Steel is to start producing bar and wire rod in March at the north Vietnamese longs re-roller Tam Dien Rolling Mill (TDR), which has a capacity of 300,000 tpy, and the company also plans a 500,000 tonnes/year meltshop and matching rolling facilities at the works.
Sources: Steel Business Briefing and American Metal Market.
