Steel Market Production Cuts – Luxembourg-based steel producer ArcelorMittal has extended the temporary idling of two blast furnaces at its Florange site in eastern France due to poor demand and slower than expected recovery.
Steel Market Production Increases – Mechel, the Russia-based metal and mining company, has resumed the operations at three out of its four mills in Romania, and production at the remaining plant, Targoviste is due to restart on February 27th.
Steel Market Production Increases – Vallourec SA is nearing completion of its new 500,000 tpy seamless pipe mill in Youngstown, Ohio, with the mill on schedule to restart commercial production this summer as it ramps up to the targeted capacity.
Steel Market Production Increases – Vietnam’s SSE Steel is defying difficult market conditions to bet on the future of the construction sector in Vietnam by adding 350,000 tpy of new rebar and wire rod capacity by the end of 2012.
Sources: American Metal Market and Steel Business Briefing.
