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Mar.29.2024 1USD=7.095RMB
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Erdemir Group Reports First Quarter 2019 Results

https://en.steelhome.com [SteelHome] 2019-05-09 10:45:55

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Operational Developments

Turkey’s first and only integrated flat steel producer, Group, who carries out production, operation, maintenance and modernization activities within its all facilities. Manufacturing 29% of all crude steel production in Turkey, Group again continued its operations in line with the principle of optimal costs, maximum productivity and quality of production in the first two months of 2019.

Construction of 2nd Galvanizing Line, signed in 2015, finished and started to trial production in Ereğli. Value added galvanized production is aimed from new line to increase sales for manufacturing industry mainly automotive and white goods sectors.

Ersem, with a total of 1 million 950 thousand tonnes of slitting and cut-to-length capacity, is Turkey's largest steel service center. With 4 production footprints in Gebze, Kdz. Ereğli, Iskenderun and Manisa, Ersem supplies just in time deliveries and storage services for our customers.

Information about the sector

Global crude steel production in February 2019 decreased by 6.4 percent month on month and increased by 4.1 percent year on year to 137.3 million tonnes. In the January-February period of this year, global crude steel production increased to 287.6 million tonnes, up 3.8 percent year on year.

In February this year, crude steel output in Asia amounted to 96.5 million tonnes, rising by 6.8 percent, with 71 million tonnes produced by China, up 9.2 percent, 7.7 million tonnes produced by Japan, decreasing by 6.6 percent, 8.7 million tonnes produced by India, rising by 2.3 percent, and 5.5 million tonnes produced by South Korea, up by 1.1 percent - with all comparisons on year-on-year basis.

EU-28 countries produced 13 million of crude steel in February down by 5 percent year on year. In the given period, Germany's output was 3.1 million tonnes, falling by 9.4 percent year on year, Italy's crude steel output was 2 million tonnes, down by 2.7 percent year on year, and France's crude steel output amounted to 1.3 million, down by 0.3 percent year on year

Iran's crude steel production in February amounted to 2 million, up by 21.7 percent year on year. The CIS registered a crude steel output of 7.5 million, falling by 2 on year-on-year basis, with Russia producing 5.2 million, down 4.4 percent, and Ukraine producing 1.7 million, declining by 5 percent, both on year-on-year basis.

Production Plants and Productivity

Capacity used (%)

1 January - 31 March 2019

1 January - 31 March 2018

Liquid Steel

98%

100%

Slab

92%

95%

Billet

51%

44%

Products

The main products of the Group are as follows:

Erdemir

Isdemir

Ermaden

Tinplate

Billet

Pellets

Galvanized

Wire Rod

Iron Ore

Cold Rolled

Slab

 

Hot Rolled

Hot Rolled

 

Plate

 

 

Production (quantity)

Final Products (000 Tonne)

1 January - 31 March 2019

1 January - 31 March 2018

Flat Products

1.827

1.959

Long Products

315

251

Iron Ore and Pellet

425

430

Sales (quantity)

Final Products (000 Tonne)

1 January - 31 March 2019

1 January - 31 March 2018

Flat Products

1.888

1.937

Long Products

336

249

Iron Ore and Pellet Sales (*)

438

512

Source from ERDEMIR      

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