15
Nov
14:02
Energy burden crushes Turkish steel industry: Yayan
Given scrap is at $350/tonne cfr Turkey, Turkish steelmakers’ production costs have reached $700/t, while they are around $570-580/t in other countries, Turkish Steel Producers’ Association (TCUD) general secretary Veysel Yayan tells Bloomberg HT Turkey.
“Following the 50% rise seen in energy costs in September, our exports fell significantly while imports rose. While energy costs had a 7-8% share in total production costs, this has now increased…
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Anonymous
Very good overview of the weekly steel market.
Anonymous