04
Dec
00:00
Falling international prices could force further Turkish output cuts
China’s competitiveness in the international market, spurred by the fall in ore prices, is likely to see more Turkish steelmakers reduce production, according to the Turkish Steel Exporters’ Association (CIB).
Turkish steel production is 70-75% based on scrap, whose price has not declined at the same rate as iron ore, therefore making it difficult for producers to compete against the Chinese. This, coupled with anti-dumping measures against Turki…
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Anonymous
Very good overview of the weekly steel market.
Anonymous