02
May
14:10
Turkish consumption slump persists, exports offer some respite
Turkish finished steel consumption plunged -38.7% on-year in the first quarter to 5.4 million tonnes, according to Turkish Steel Producers Association (TCUD) data monitored by Kallanish. Finished steel output fell -25% to 7.8mt.
This indicates the fall in March consumption was at more or less the same rate as the decline in January-February, but the drop in production deepened from -23.6%.
Long product consumption slumped -50% in Q1 to 2.1mt and flats us…
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Anonymous
Very good overview of the weekly steel market.
Anonymous