Steel Market Production Cuts – Sichuan province’s Xichang city is upgrading its power grid and severely affecting HRC production at Panzhihua Iron & Steel’s steelworks as a result, while Chongqing Iron & Steel will lose 20,000t of HRC to a maintenance outage this month.

Steel Market Production Increases – Kardemir Demir Celik, one of Turkey’s biggest rebar producers, is set to complete and commission a third rolling mill by August that will have an initial capacity of 1.2 mtpy.

Steel Market Production Increases – Tokyo Steel’s March production will be 14% higher than last month, reaching 250,000 tons, with the restart of exports.

Sources: Steel Business Briefing, Metal Bulletin, Bloomberg First Word