Tag Archives: steel products
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in May this year Turkey’s foreign trade deficit decreased by 6.1 percent to $6.75 billion compared to May 2014. In the first five months of this year, Turkey’s foreign trade deficit declined by 15.2 percent […]
Traders in the local Turkish spot market have decreased their offers for hot rolled coil (HRC) and hot rolled pickled and oiled coils (HR P&O). However, market players expect further price reduction in the coming days. Since the cash flow in the market has decreased due to the US dollar maintaining its strength against the […]
For all the talk in the United States about rising energy costs and becoming energy-independent from oil-producing nations, falling oil and gas prices in the last few months hasn’t resulted in the nationwide celebration one would expect. On the consumer end, of course people are happier to pay less at the pump, along with businesses […]
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 […]
A new year often brings renewed optimism, excitement for what’s to come and a fresh start with higher prices for those in the steel industry. Customers are more willing to make stock buys, not worried about inventory overhang at year’s end. But the start of 2013 was different. Over the first few months, the market […]
Can China and Mexico’s contentious steel trade relationship be fixed? Latin America has become a beacon for excess capacity of steel in the world—reportedly around 328 million tons—due to the economic stress on Europe and the shrinking of some markets. Countries such as Russia, Turkey, Ukraine and South Korea have substantially increased their exports to […]
Mr. Bull: Once again you must have been very satisfied with recent events that, on the very surface only, seemed to support your dire outlook. It appears that the global economic recovery in general is taking a breather and, specifically, most advanced economies are struggling once again. Growth in the US is faltering and the […]
Görkem Bolaca of LN Metals talks with SteelOrbis Istanbul about how market conditions are affecting his company, and why he believes 2011 will be a stronger year for steel demand than 2010.
South America’s top steelmakers strategize for success. The South American steel industry is at a turning point. After surviving the worldwide economic downturn relatively unscathed, it has proven itself not only strong on the domestic front, but a growing powerhouse on the global stage.
It goes without saying that the steel industry needs the scrap industry; without an abundant supply of leftover steel from consumers, manufacturers and demolishers, steel plants would have to rely entirely on iron ore for their raw material. Sure, iron ore is more pure than scrap and can produce higher-quality steel, but it’s costlier to […]