Steel Market Production Cuts – According to China Iron and Steel Association’s latest report, the national crude steel daily output arrived at 1.6992 mt in mid-February, a decline of 0.31% from early February.

Steel Market Production Increases – Lakeside Steel Inc. expects to complete a Thomasville, Ala. facility for casing products with an annual heat-treatment capacity of 150,000 tons and end-finishing capacity of 110,000 tons in June.

Steel Market Production Increases – Zelezara Smederevo, the former US Steel Serbia, is expecting to resume production in the first half of March when a stable supply of raw materials is restored.

Steel Market Production Increases – Europe’s largest merchant bar producer Beltrame has increased production at its mill in Trith, northern France, by 30%, albeit from a low level of production.

Steel Market Production Increases – Tawarruk Steel Mill established in Pakistan’s Export Processing Zone with a capacity of around 4.2 mt will commence production in the next 1 to 2 months.

Sources: Mysteel, American Metal Market, Steel Business Briefing