03
Sep
12:39
Turkey’s IDC cuts production amid unfavourable market conditions
Turkish long steel producer Izmir Demir Celik (IDC) says it will temporarily cut production at its meltshop and rolling mill.
IDC will decrease its operations in both melthop and rebar rolling mill by one and two shifts respectively due to the contraction in long steel markets and increase in production costs, Kallanish notes. The firm says the move is in order to use resources more efficiently and protect itself from losses.
Under normal conditions, IDC’s …
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Very good overview of the weekly steel market.
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