8,643.88 TRY BIST 100 BIST 100
4.87 CNY CNY CNY
34.34 USD USD USD
37.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.07 TRY Interest Interest
75.11 USD Fossil Oil Fossil Oil
32.50 USD Silver Silver
4.45 USD Copper Copper
102.15 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,026.19 TRY Gold (gr) Gold (gr)

HBIS Serbia leaves a blast furnace in Smederevo idle

HBIS Serbia, one of the largest steelmakers, will keep the operating level of the number one blast furnace in Smederevo to a minimum due to weak demand.

HBIS Serbia leaves a blast furnace in Smederevo idle

HBIS is known as the first manufacturer outside of ArcelorMittal to leave a furnace open idle. It is currently preparing to put the furnace idle to adapt to the market environment and is said to be restarted when conditions allow.

In addition to weak demand, rising gas costs are also affecting producers. A smaller Visegrad mill has stopped all its rolling lines due to lackluster buying and high conversion costs and is casting slabs for the commercial market.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Saudi Arabia expands mining sector with 28 new licenses

Tuesday, November 5, 2024

Middle East steel markets show different trends in light of 2024 developments

Tuesday, November 5, 2024

India’s steel production increases, exports and imports remain imbalanced

Tuesday, November 5, 2024

Appointment from Dealer Holding! Mehmet Fatih Gökçe became CSO

Tuesday, November 5, 2024

China's steel demand expected to increase: PMI data support production

Tuesday, November 5, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now