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Production & Shipments

Developments that could increase or decrease steel production and shipments around the world.

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UAE Investment Firm Plans New Rebar Mill

17 May 2016 - An investment firm that is partly owned by the United Arab Emirates has signed an agreement to build a 300,000 metric ton rebar plant, reports The National newspaper.

G7 to Address Excess Steel Capacity

15 May 2016 - The world’s seven wealthiest countries may adopt measures to address the global steel glut during their upcoming summit in Japan, according to the Reuters news service.

(UPDATE) Nucor to Open New Joist, Decking Facility in Canada

15 May 2016 - Nucor Corp.'s joist and decking unit is setting up a fabrication shop in Canada and plans to begin producing products later this year, the company has announced.

Steel Prices Rebound, and Chinese Mills Restart

11 May 2016 - As steel prices rebound, Chinese mills that were shut down are returning to life and resuming production, despite global wishes for the country to cut its excess capacity.

Steel Associations Urge China to Continue Discussing Global Excess Capacity

09 May 2016 - Ten steel associations in North and South America and Europe said they are disappointed that China declined to commit to further action on its excess steelmaking capacity, but are urging the country to be involved in future conversations on the topic.

Iranian Steel Exports Set New Record

25 Apr 2016 - Iran exported a record 4.1 million metric tons of steel in the previous Persian calendar year, reports Iran's FARS News Agency.

ArcelorMittal Idles Indiana Hot Strip Mill

01 Apr 2016 - In the latest of it capacity-cutting efforts, ArcelorMittal has shut down the 84-inch hot strip mill at its Indiana Harbor facility in Indiana, a union official tells The Times newspaper of northwest Indiana.

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