Steel Market Production Increases – Chinese steelmaker Jiangsu Tianhuai Steel Pipe has begun production at its new 500,000 mtpy premium quality finishing seamless OCTG facility.
Steel Market Production Increases – American steelmaker Corpac Group has begun construction on a 150,000 tpy OCTG plant near Barranquilla, Columbia and expects to begin production by the end of 2013.
Steel Market Production Cuts – Argentinian steelmaker Ternium Siderar will be forced to decrease planned production in Q4 due to issues while re-starting the No.2 blast furnace. The BF had been idled for maintenance since October 15 and will now be out of commission for an additional 3 to 4 months.
Steel Market Production Increases – South African steel mill CISCO will be restarted after being acquired by Turkish firm DHT Holdings. The facility will begin production in early 2013 at around 220,000 to 260,000 tpy, and will be ramped-up to about 400,000 tpy later in the year.
Steel Market Production Increases – Russian Steel Company MMK has idled the Electric Arc Furnace at the 2.3 mtpy MMK-Metaluji plant in Turkey until at least December 1.
Steel Market Production Increases –Turkish steel company Yolbulan Bastug has restarted its EAF after a four day outage due to repairs being made to the local electricity grid. The facility lost about 18,000 mt of billet production over the four day outage.
Sources: Steel Business Briefing, SteelOrbis, American Metal Market
