30
Apr
15:16
Erdemir posts record first-quarter profitability
Turkey's Erdemir Group ramped up crude steel output in the first quarter by 3% on-year to 2.35 million tonnes and finished product output by 2.2% to 2.02mt. working at 97% capacity utilisation.
The firm ramped up output at its Iskenderun plant in Q1 by 8% to 1.42mt but cut the Eregli plant's output by 3% to 0.9mt. The producer emphasised output of flat products in Q1. This rose 5.8% on-year, pushing sales up 9.1% to 1.81mt. Output of long products fel…
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Anonymous
Very good overview of the weekly steel market.
Anonymous