17
Aug
13:39
IDC’s first-half sales decrease despite billet growth
Izmir Demir Celik (IDC)’s revenue decreased by -1.3% on-year in January-June. Although revenue had increased 11.7% on-year in the first quarter, the negative impact of the coronavirus outbreak intensified in Q2 and slashed earnings.
The Turkish electric arc furnace-based steelmaker reported a -4% on-year decrease in finished product sales in January-June to 623,059 tonnes, Kallanish learns from the firm. Billet sales, however, appeared at 10,0…
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Anonymous
Very good overview of the weekly steel market.
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