Connect with us

Metal

TCUD: Turkey’s steel sector needs to take measures to cut imports

Crude steel production in Turkey increased by 12.7 percent year on year in January this year to 3.4 million mt.

Republished by Plato

Published

on

Crude steel production in Turkey increased by 12.7 percent year on year in January this year to 3.4 million mt, according to a statement released by the Turkish Steel Producers’ Association (TCUD). Turkey, which became the seventh biggest steel producing country in the world and Europe’s leading steel producer with 35.8 million mt of crude steel production in 2020, maintained its position in January this year.

In January, Turkey’s finished steel consumption rose by 15.1 percent year on year to 3.1 million mt. The country’s long product consumption increased 32.9 percent, while its flat product consumption rose 2.2 percent, both year on year. 

In the given month, Turkey’s steel exports decreased by 15.5 percent to 1.3 million mt, while the value of these exports decreased by one percent to $749 million, year on year.

In January, Turkey’s steel imports decreased by 14.3 percent to 1.2 million mt, due to insufficient supply amid the rapid increase in demand in the international market and Turkish steelmakers’ focus on their local market, while the value of these imports moved up by 12.2 percent to $872 million, both year on year.

According to the association, entering an upward trend since June last year, Turkey’s crude steel production maintained this trend in January. If the trend in crude steel production continues, production could exceed 38 million mt by the end of the year. In 2021, the safeguard measures applied by third countries and signals of China’s return to the global steel market will increase the obstacles that Turkey’s exports face. Turkey’s steel exports to the EU fell by 36.6 percent year on year amid the ongoing safeguard measures. The European Commission has launched an investigation on the continuation of the safeguard measures, which will expire in July this year. As the safeguard measures violate the Free Trade Agreement between Turkey and the EU, Turkey’s imports need to be controlled by giving priority to local supply, the TCUD stated.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://www.steelorbis.com/steel-news/latest-news/tcud-turkeys-steel-sector-needs-to-take-measures-to-cut-imports-1188537.htm

Metal

S. Africa’s iron ore output up by 24 percent in February from January

In February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent.

Republished by Plato

Published

on

According to the preliminary data released by Statistics South Africa, in February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent, while the country’s manganese ore production index rose by 11.5 percent, both month on month. In the given month, South Africa’s nickel production fell by 30.0 percent month on month.

On year-on-year basis, in February this year South African iron ore production was up by 65.7 percent, while manganese ore production increased by 21.6 percent. In February, the country’s nickel output rose by 7.8 percent compared to the same month of 2020.

Furthermore, the country’s seasonally adjusted iron ore sales at current prices in February this year fell by 5.9 percent compared to the previous month, to ZAR 9.72 billion ($670.40 million), while the seasonally adjusted nickel sales value at current prices was up by 109.5 percent in the same month compared to January, amounting to ZAR 1.31 billion ($90.48 million). South Africa’s seasonally adjusted manganese ore sales in February at current prices totaled ZAR 3.35 billion ($230.93 million), up by 57.3 percent month on month.

The year-on-year percentage change at current prices in the given month was up by 47.0 percent in iron ore sales, up by 39.7 percent in manganese ore sales and rose by 83.3 percent in nickel sales.

Invest w Mintos
Source: https://www.steelorbis.com/steel-news/latest-news/s-africas-iron-ore-output-up-by-24-percent-in-february-from-january-1195188.htm

Continue Reading

Metal

S. Africa’s iron ore output up by 24 percent in February from January

In February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent.

Republished by Plato

Published

on

According to the preliminary data released by Statistics South Africa, in February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent, while the country’s manganese ore production index rose by 11.5 percent, both month on month. In the given month, South Africa’s nickel production fell by 30.0 percent month on month.

On year-on-year basis, in February this year South African iron ore production was up by 65.7 percent, while manganese ore production increased by 21.6 percent. In February, the country’s nickel output rose by 7.8 percent compared to the same month of 2020.

Furthermore, the country’s seasonally adjusted iron ore sales at current prices in February this year fell by 5.9 percent compared to the previous month, to ZAR 9.72 billion ($670.40 million), while the seasonally adjusted nickel sales value at current prices was up by 109.5 percent in the same month compared to January, amounting to ZAR 1.31 billion ($90.48 million). South Africa’s seasonally adjusted manganese ore sales in February at current prices totaled ZAR 3.35 billion ($230.93 million), up by 57.3 percent month on month.

The year-on-year percentage change at current prices in the given month was up by 47.0 percent in iron ore sales, up by 39.7 percent in manganese ore sales and rose by 83.3 percent in nickel sales.

Invest w Mintos
Source: https://www.steelorbis.com/steel-news/latest-news/s-africas-iron-ore-output-up-by-24-percent-in-february-from-january-1195188.htm

Continue Reading

Metal

S. Africa’s iron ore output up by 24 percent in February from January

In February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent.

Republished by Plato

Published

on

According to the preliminary data released by Statistics South Africa, in February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent, while the country’s manganese ore production index rose by 11.5 percent, both month on month. In the given month, South Africa’s nickel production fell by 30.0 percent month on month.

On year-on-year basis, in February this year South African iron ore production was up by 65.7 percent, while manganese ore production increased by 21.6 percent. In February, the country’s nickel output rose by 7.8 percent compared to the same month of 2020.

Furthermore, the country’s seasonally adjusted iron ore sales at current prices in February this year fell by 5.9 percent compared to the previous month, to ZAR 9.72 billion ($670.40 million), while the seasonally adjusted nickel sales value at current prices was up by 109.5 percent in the same month compared to January, amounting to ZAR 1.31 billion ($90.48 million). South Africa’s seasonally adjusted manganese ore sales in February at current prices totaled ZAR 3.35 billion ($230.93 million), up by 57.3 percent month on month.

The year-on-year percentage change at current prices in the given month was up by 47.0 percent in iron ore sales, up by 39.7 percent in manganese ore sales and rose by 83.3 percent in nickel sales.

Invest w Mintos
Source: https://www.steelorbis.com/steel-news/latest-news/s-africas-iron-ore-output-up-by-24-percent-in-february-from-january-1195188.htm

Continue Reading
Uncategorized2 days ago

Halo Collective Announces New Appointment to Board of Directors and Completes Securities Issuance to Independent Consultants, Related Parties, and Suppliers

Metal2 days ago

Registration open for IHEA annual meeting

News5 days ago

CBD News Roundup: Canadian CBD Payment Processor Launches Platform in US

Heartland4 days ago

CBD Shopping Guide 2021

Heartland4 days ago

Heartland4 days ago

Heartland4 days ago

Heartland4 days ago

Day two on CBD.

Heartland4 days ago

Heartland4 days ago

Cannabis with a Conscience

Heartland4 days ago

Heartland5 days ago

Heartland4 days ago

Cultivation Of Hemp In Spain Increases Eightfold Since 2016

Heartland4 days ago

Heartland4 days ago

Heartland4 days ago

Hemp Seed Peptide Market Intelligence Study for Comprehensive Insights

Heartland4 days ago

Heartland4 days ago

Manufacturing5 days ago

Look at Mercedes-Benz manufacturing, EQA Electric Vehicle Production Line. The Mercedes-Benz EQA is an all-electric subcompact luxury crossover SUV produced by Mercedes-Benz. It is part of the EQ family, a range that will expand to include 10 new models by 2022.

Heartland5 days ago

Heartland4 days ago

RAB arrests drug dealers, recovers yaba, hemp

Manufacturing5 days ago

The Shortages Continue to Mount

Heartland4 days ago

Heartland4 days ago

Metal5 days ago

Carbon fiber wind turbine blades could reduce cost

Heartland5 days ago

Heartland4 days ago

Day two on CBD.

Heartland4 days ago

Heartland5 days ago

Impact Of Covid 19 On Hemp Concrete Market 2021 Industry Challenges Business Overview And …

Heartland2 days ago

Asia Pacific IoT command centre to be established in Adelaide

Trending

A Cloud Nine Capital Entity Copyright © 2020 – All Rights Reserved Proudly Made in America