Tag Archives: flat rolled steel prices
Sluggish global demand, increased input costs, improved Chinese performance in the world markets together with the slowdown of local Turkish steel demand and trade protection investigations against Turkish origin steel products resulted in a weaker output performance of the Turkish steel industry in 2014, according to the Turkish Iron and Steel Producers’ Association (TCUD). In […]
Turkey-based flat rolled steel and steel pipe producer Tosyali Holding has announced that it has broke ground for the production facilities located in Osmaniye of Tosyalı Toyo Çelik A.S., its joint venture with Japanese company Toyo Kohan. The groundbreaking ceremony was attended by the Turkish prime minister Ahmet Davutoglu. The new production facility to produce […]
Scrap numbers were posted this week for December. No change from November was observed in shredded scrap for the Chicago index. Most other regional markets showed the same trend while a few reported slight increases from November to the tune of $5-$10/ton. This is not surprising as collections of scrap become difficult in the winter […]
Demand, or a lack thereof, finally caught up with reality and HRC prices have crashed down to earth, dropping about $160/mt in the process. A lot of the earlier, pent-up demand happened because of “restocking” inventory. Guess what? Latest surveys of steel consumers show a high inventory level.