Steel Market Production Increases – Mexican steelmaker Ternium announced that production will begin in July 2013 at the greenfield 1.5 million tpy cold-rolling mill and 400,000 tpy hot-dipped galvanizing mill in Pesquería, Nuevo León.
Steel Market Production Cuts – Russian steelmaker Mechel announced that operations at the 810,000 tpy Romanian billet plant – Otelu Rosu – will be suspended indefinitely, beginning in October.
Steel Market Production Increases – General Steel Holding announced a plan to begin construction “within the year” on a 900,000 tpy rolling mill at the Longmen JV facility in central China. The current crude steel capacity of the facility is about 4 million tpy.
Steel Market Production Increases – Construction on Evraz’s 410,000 tpy Kostanay rebar rolling mill in Kazakhstan is approximately 30% complete and is expected to begin production in mid-2013.
Steel Market Production Increases – Libyan Iron & Steel Co (LISCO) announced that production at the Misurata hot-strip mill was restarted at the end of last month. LISCO has capacity for 580,000 tpy of HRC, 140,000 tpy of CRC, 80,000 tpy of HDG and 40,000 tpy of color-coated coil but according to Platts, “it is unlikely that all the lines are working and at full capacity.”
Sources: Steel Business Briefing, SteelOrbis, American Metal Market
