MMK Metalurji in Turkey has faced downward pressure on its hot-rolled coil production line due to various adverse factors. The production line, which had resumed operations in early April to meet the demand for hot-rolled coil following an earthquake, has been suspended again. The reasons for the suspension include lower-than-expected demand for hot-rolled coil in reconstruction projects, slower demand before the election, and low prices of imported resources dominating the local market. These factors have resulted in a decrease in output and ex-factory prices, putting further pressure on the production line.
The resumption of the production line will depend on orders, and it is expected to be fully restored in June.
MMK Metalurji is facing a challenging market environment as the steel industry continues to grapple with low demand and pricing pressures. However, the company remains committed to maintaining its position in the market and meeting the needs of its customers.
Source: SteelGuru
|
