Turkish steelmaker Koc Metalurji will temporary suspend operations on April 7 as conditions in the steel products market have become challenging amid the COVID-19 crisis, Davis Index has learned.

 

The company intends to halt production for a month, but noted the shutdown period could be extended three months, depending on progress made containing the pandemic and whether or not the market improves.

 

Koc Metalurji is located in the Iskenderun region and has annual capacity of 1.2mn mt of crude steel. Koc Metalurji produces billets, which it mainly sells in the Turkish domestic market.

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