03
May
10:22
Erdemir first-quarter utilisation sinks to 50% after earthquakes
Turkey-based integrated steelmaker Erdemir, part of OYAK Mining Metallurgy, experienced significant decreases in steel output and capacity utilisation rates due to the devastating February earthquakes.
Production was halted particularly at the group's İsdemir plant (İskenderun Demir ve Çelik) to conduct due diligence studies to estimate the earthquake damage. Due to the suspension of production, the group's capacity utilisation rate decreased, it sa…
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