16
Aug
15:09
IDC's first-half margins remain squeezed, but exports increase
Declining steel prices coupled the consumption of raw materials bought at previously-higher prices resulted in Izmir Demir Celik (IDC)’s margins declining sharply in the first half of 2019.
The Turkish electric arc furnace-based steelmaker reported a -16% on-year decline in finished product sales in H1 to 648,742 tonnes, Kallanish learns from the Turkish steelmaker. However, exports rose 7.6% to 205,717t.
Revenue in the second quarter rose 10% on-y…
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Anonymous
Very good overview of the weekly steel market.
Anonymous