Turkey’s Isdemir starts planned maintenance on blast furnace

Iskenderun Demir Celik (Isdemir), a subsidiary of Turkey’s biggest steel producing group Erdemir Group, has started planned maintenance at its blast furnace no 2.

The maintenance will last 44 days starting from Tuesday November 24 and is not expected to have a major effect on the company’s output, Isdemir said.

Isdemir produces steel billet, slab, wire rod and hot-rolled coil at its facility in Iskenderun, southern Turkey. The company has four blast furnaces with a total production capacity of 5.3 million tonnes per year.

Despite Isdemir’s assurances on the minimal impact on output, some market participants in Turkey believe there may be a shortage for wire rod in Turkey as a result of the maintenance works because Isdemir is one of the biggest suppliers of the product in Turkey.

Prices for both Turkish wire rod and HRC have been increasing sharply in line with strong demand.

Fastmarkets’ weekly price assessment for steel wire rod (mesh quality), domestic, exw Turkey was 5,450-5,500 lira ($686-699) per tonne on November 19, narrowing upward from 5,300-5,500 lira per tonne on November 12.

Some market participants have reported current prices for the product at around 5,600-5,650 lira per tonne ex-works.

Strong demand for Turkish HRC both domestically and in its export markets has caused prices for the product to also increase.

Fastmarkets’ weekly price assessment for steel HRC, domestic, exw Turkey was $630-640 per tonne on November 20, rising from $575-585 per tonne on November 13. 

Sources told Fastmarkets that market prices since the latest published assessment are at around $700-710 per tonne ex-works.

Learn more about this market at Middle East Iron & Steel 2020.

Be prepared for the recovery. Understand your markets and mitigate future shocks. At this virtual event you’ll get the latest insights from industry experts, the chance to meet online with existing and potential customers and get actionable tailored advice from our analysts.

See how you can benefit.

What to read next
Prices for locally produced containerboard rose in the Gulf Cooperation Council (GCC) countries in January. In late December, the Middle East Paper Company (MEPCO) announced a price hike of $70 per tonne, starting January 1. Several other producers in the region have also demanded increases of various magnitudes from their customers. Generally, our contacts reported […]
The consumption of steel scrap in the United Arab Emirates (UAE) was expected to rise sharply in the coming years amid expansions in steelmaker capacities to feed greater steel demand
The MENA region is already well equipped to produce cheap, green hydrogen because of its extensive solar resources, but the fact that its steel industry is mainly focused on the use of direct-reduced iron (DRI) modules and electric-arc furnaces puts it in a unique position in terms of producing the low-carbon steel that is becoming […]
Please note Fastmarkets has corrected its index assessments for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, MB-STE-0416, and steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, MB-STE-0417, which were published incorrectly on Thursday November 9.
Mixed signals from the domestic containerboard markets in the Middle Eastern Gulf Cooperation Council (GCC) countries as price drops and increases were both reported
MEPCO are a Middle Eastern packaging producer, with a production capacity of half a million tons of containerboard. We outline how they use Fastmarkets' global insights to grow their business.