Russia’s IMH reschedules stops to cut March rebar availability on weak market

Industrial Metallurgical Holding (IMH) will start maintenance of a blast furnace (BF) at its Tulachermet facility early to reduce rebar supply in March from Tula Steel due to a weak market, the company told Fastmarkets on February 25.

Tulachermet, which supplies Tula Steel with pig iron, will stop BF No3 for around a month from late March after previously planning to begin in April. BF No3 has capacity for 1.495 million tonnes per year of pig iron. Only BF No2, which has a capacity of 643,000 tpy, will be in operation at the asset during maintenance.
Tula Steel, a partner project of Russian group IMH, runs pig-iron producer Tulachermet.
"[Due to the BF maintenance at Tulachermet] we're considering the reduction of crude steel and steel products output [at Tula Steel],“ Dmitry Starikov, vice-president for sales at IMH, said.

“Demand [for rebar] in the Central Federal District [the key steel consuming region in Russia and where Tula Steel is located] remains weak for the moment, and that is...

Published

Marina Shulga

February 26, 2020

17:30 GMT

Dnepr