27
Nov
11:47
Tight iron ore supply curtails Esco capacity utilisation
Continued raw materials sourcing challenges are curtailing Esfahan Steel (Esco)’s capacity utilisation to 55%, according to managing director Mansour Yazdizadeh.
Esco’s billet casting design capacity is 3.6 million tonnes/year, although the firm is able to produce up to 4m t/y. However, it is currently only working at 2.2m t/y due to the volatility in supply of raw materials, especially iron ore. The main reason for this that iron ore miners have inv…
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Very good overview of the weekly steel market.
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