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Production pruning - US Steel to restart production in Great Lakes

It is reported that US Steel is planning to restart its production lines with 3 blast furnaces in Great Lakes of Michigan, which has been closed for several months due to depressed market.

Last week, ArcelorMittal just announced to restart C 5 blast furnace with capacity of 1.6 million tonnes in Cleveland due to the recovery of steel demand. Meanwhile its hot rolling, pickling and galvanizing production lines will be resumed as well.

It's believed that production re operation was primarily trigged by recovery in North American automotive market thanks to stimulus package of US government. It is said that steel flat orders of some big steelmakers have been booked until this November.

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