Posted on 27 Mar 2020
Various Turkish steel mills have announced production halts following their counterparts in the EU and other regions as the global coronavirus pandemic continues to rage, Kallanish notes.
Electric arc furnace-based long steel producer Ekinciler has decided to stop production indefinitely as of this week.
Another EAF-based long steel producer, Siddik Kardeşler, stopped production on 19 March and has given its employees indefinite paid vacation.
Cebitas, which had already stopped production at the beginning of December 2019, has given its remaining 108 employees vacation for three months.
EAF-based long steel producer Ege Celik stopped its rolling mill on 25 March for 14 days for maintenance works. The company says it has enough material in stocks and deliveries to customers will continue.
Almost all other Turkish steel producers are seen to have reduced shifts and decreased their capacity utilisation rates.
Turkish mills' production cuts and decreasing capacity utilisation rates are expected to reduce long steel output in Turkey and therefore also Turkey's scrap purchases.
Source:Kallanish
