8,885.00 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
44.67 TRY Interest Interest
74.45 USD Fossil Oil Fossil Oil
32.79 USD Silver Silver
4.44 USD Copper Copper
102.49 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,023.12 TRY Gold (gr) Gold (gr)

Italian steel mills started to reduce their production

In parallel with the global steel producers reducing their production due to low global demand and the financial crisis, Italian steel producers also reduced their production.

Italian steel mills started to reduce their production

While some Italian steelmakers have started to cut production, Ori Martin & Duferdofin is planning to stop production due to excess inventory and declining export sales. Federacciai said that they could not give a precise timeframe for the cessation of production for the time being. A spokesperson for Alfa Acciai said the company will continue to reduce production until the steel market recovers.

Italy's export market is at a standstill and this has led to an oversupply situation in the domestic market. Distributors are keeping their stocks at the lowest levels. Steel producers will continue to cut production until the market recovers after bottoming out.

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

AM/NS India is set to develop one of India’s most substantial steel projects

Monday, November 4, 2024

Cleveland-Cliffs completes acquisition of Stelco

Monday, November 4, 2024

Jordan Steel Company Keeps Rebar Prices Steady for November 2024

Monday, November 4, 2024

Indonesia's nickel reserves under threat: Could run out in 5 years

Monday, November 4, 2024

Turkish rebar market stagnation: challenges with high costs and weak demand

Monday, November 4, 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