September 2011 | Coated Steels
Cuts spread to outside ArcelorMittal: Global tinplate market highlights
Prices continued their slide in Asian spot markets, while local EU prices (in dollar terms) fell on currency weakness.
Over the last two months, we have commented that EU market leader ArcelorMittal has cut output. 10,000 tpm at Florange from July with additional 15-20% cuts one day a week in September (1-2,000 tpm impact).50,000 tpm over August and September from Aviles and Gijon
Over the last few weeks, the two other major EU mills have announced production adjustments. Rasselstein has indicated that it has cut shifts and utilisation rates. At its peak, output has been around 100-110,000 tpm. We would consider a lower rate...
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