Steel Market Production Cuts – Steel Production has been temporarily shut down at Erasteel Söderfors in Sweden since March 20th due to the spill of a thirty tonne charge. Production is scheduled to restart soon.
Steel Market Production Increases – Nucor Corp.’s steel mini-mill in Marion, Ohio has resumed production after 6 days offline due to an unexpected power outage. The company reports that they took advantage of the outage to do maintenance that had been planned during an outage scheduled for May 13th.
Steel Market Production Increases – ArcelorMittal in Duisburg, Germany, is near completion for the hot commissioning stage of its new wire rod mill in Ruhrort. The mill has a capacity of 690,000 tpy and is expected to exit its start-up phase in May or June.
Steel Market Production Increases – Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, a major Chinese linepipe maker, has announced that it intends to add another 660,000 tpy of SSAW capacity in the next year. This expansion will bring Chu Kong’s total capacity to 2.71 mtpy.
Sources: Steel Business Briefing, American Metal Market
