Steel Market Production Changes – February 29, 2012

February 29, 2012 Posted by Steel Market Intelligence

Steel Market Production Cuts – Italian bar and rod producer Acciaierie Venete has halted crude steel production at its works in Sarezzo due to a fire that broke out on Monday night, and the company expects to restart production in two to three days; Sarezzo has a nameplate capacity of 540,000 tpy of crude steel.

Steel Market Production Increases – SSI will relight its Redcar plant back to life in less than two weeks, as part of its GBP1.6 billion expansion plan.

Steel Market Production Increases – RG Steel LLC started to bring the 4,000 tpd Warren blast furnace back online last Sunday, and the company expects to resume steelmaking later this week.

Sources: Steel Business Briefing, Steel Guru, American Metal Market

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