Steel Market Production Cuts – The Nucor Yamato beam mill has a scheduled shutdown on March 25th.
Steel Market Production Cuts – According to the Japan Iron and Steel Federation, Japan will see decreased production this year from weak demand in the shipbuilding sector and destocking, causing production to potentially shrink by 2 percent to around 104 million tons, assuming flat exports.
Steel Market Production Cuts – Max Aicher North America Inc. (MANA) has moved back a restart of its bar mill in Hamilton, Ontario to late in the second quarter.
Steel Market Production Increases – U.S .Steel plans to restart its No.3 galvanizing line at Hamilton Works in early May.
Steel Market Production Increases – RG Steel has completed the restart of its No. 2 galvanizing line a month earlier than expected, with operations anticipated to resume very soon.
Steel Market Production Increases – SSAB Americas is conducting hot trials on its new 200,000 tpy quenching line at its Mobile, AL works and expects commercial production to start very soon.
Steel Market Production Increases – Syria’s Saifi Group plans to complete commissioning of its 300,000 tpy bar and section rolling mill, Steelco, next month, with plans to start production in June.
Steel Market Production Increases – UAE rebar mill Hamriyah Steel could restart production in April following a 5-month stoppage caused by unfavorable pricing in the UAE and the surrounding region.
Steel Market Production Increases – Turkish billet producer Cansan Metallurgy plans to start rebar production within three months at its Southern Payas EAF billet plant. The plant has a capacity of 1 million tpy.
Sources: Steel Business Briefing, Reuters, SteelOrbis, American Metal Market
