Tag Archives: Turkey’s crude steel output
Russian steel pipe producer TMK has issued its financial results in line with international financial reporting standards (IFRS) for the first quarter this year, announcing a net profit of $30 million, compared to a net loss of $16 million registered in the same quarter of 2014 and a net loss of $254 million in the […]
Turkish crude steel output continued to decline in March this year due to pressure from idle capacities in the world steel industry, the increased prices of iron ore and scrap, the sluggishness of the Turkish economy and the reduction of the price gap between raw materials and finished steel, according to the Turkish Iron and […]
As of March 23, inventory of iron ore at 33 major Chinese ports amounted to 96.56 million mt, down 1.84 million mt or 1.87 percent compared to the inventory level recorded on March 17, as announced by China’s Xinhua News Agency on March 24. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 55 points, down three points week on […]
Turkish crude steel output continued to decline in February this year due to falling exports, fluctuations in financial markets, economic turmoil and contracting margins, according to the Turkish Iron and Steel Producers’ Association (TCUD). In February, Turkey’s crude steel production posted a decrease of 7.3 percent month on month and of 12.2 percent year on […]
Turkish crude steel output maintained its downward trend in January due to unfavorable conditions in international markets and reduced competitiveness of domestic producers, according to the Turkish Iron and Steel Producers’ Association (TCUD). In the given month, Turkey’s crude steel output decreased by 10.4 percent year on year to 2.58 million mt. In January , […]
On February 5, China’s Ministry of Industry and Information Technology (MIIT) issued a report on the situation in the Chinese steel industry in 2014. Accordingly, China’s apparent crude steel consumption in 2014 amounted to 740 million mt, down four percent year on year. Average daily crude steel output in China in 2014 amounted to 2.25 million […]
Should the US steel industry be concerned with the effect global demand for US-produced scrap has on domestic scrap prices? As the world becomes exponentially connected with each passing year, many long-standing industries have not transitioned into the global marketplace as easily as others.