05
Sep
16:55
Koc Metallurgy to halt production in fourth quarter
Koc Metallurgy tells Kallanish it will stop crude steel production for three months from 1 October due to continued weak steel demand.
“The situation in the Turkish local market is very bad and the international market is not any better,” the firm says. “We made the decision in June and stopped buying scrap since mid-June. Initially, we will stop crude steel production and observe market conditions.”
“The decision has n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous