24
Jan
10:45
Power outages suspend Turkish steel production
Turkish steel production has been curtailed by electricity outages, following last week’s cut in natural gas supply and significant hike in gas prices. Electric arc furnace mills have been forced to halt production for at least three days, with output planned to resume on Thursday.
The move to suspend power supply to industry for three days as of 00:00 local time on Monday follows last week’s gas supply cut by 40% (see Kallanish passim).
Veysel Yayan,…
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Anonymous
Very good overview of the weekly steel market.
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