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

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Capacity Boost May Be in Store for Indonesian Steel Complex

08 Nov 2016 - Indonesia’s Krakatau Steel and South Korea’s POSCO are thinking about expanding their steelmaking assets in the Indonesian province of Banten, possibly adding 3 million to 4 million tons of capacity, reports the The Jakarta Post.

Rally in Coal, Coke Prices Forces Chinese Mills to Slow Production

07 Nov 2016 - Some Chinese mills are throtling back production and taking early maintenance outages on account of a rally in coal and coke prices, reports the Reuters news service.

U. S. Steel Records Q3 Profit, Reaches Agreeement on Stelco Sale

01 Nov 2016 - United States Steel Corp. posted a third-quarter profit of US$51 million and has agreed to sell the former Stelco to a private investment firm, the company announced on Tuesday.

EAF Production to Gain Ground, But BOF Production to Remain King

18 Oct 2016 - Electric arc furnace-based steel production will continue to grow faster than basic oxygen furnace production over the next several years, but the latter of the two will remain the dominant method, CRU North American steel consultant Josh Spoores said on Tuesday.

Independence Tube Acquisition Might Spark Needed Consolidation of Structural Tube Producers, Says Zekelman Industries CEO

05 Oct 2016 - Nucor Corp.’s acquisition of Independence Tube will benefit the structural tube sector and will likely lead to additional acquisitions within the segment, Zekelman Industries executive chairman and chief executive Barry Zekelman said on Wednesday.

Analyst: Expect Tighter Competition in U.S. Sheet Market

04 Oct 2016 - Supply-side competition in the U.S. sheet market is likely to stiffen in the year ahead as new players enter the market and others become more aggressive, according to one analysts.

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