First Turkish mill sets up Houston trading office

Nov 12, 2012 | 03:31 PM | Catherine Ngai

Tags  Colakoglu, rebar, hot-rolled, steel trader, import, mill direct, Europe, Jose Gasca Catherine Ngai

NEW YORK — Steelmaker Colakoglu Metalurji AS has established a Houston trading house, making it the first Turkish mill to sell into the United States from a domestic location.

The Houston office, which expects to begin sales of hot-rolled coil and reinforcing bar in early 2013, will sell mill direct to buyers across North America, Jose F. Gasca, chief commercial officer of Colakoglu’s Houston operations, told AMM.

"We opened an office in Houston. Why Houston? It’s a logistical advantage that’s hard to find in other places, in other states or in the continent," Gasca said. "The office isn’t going to be only focused on the U.S., but the entire continent." According to Gasca, product from the Turkish steelmaking operations will be shipped to Houston, and scrap metal and other raw materials will be sent back to the mill on the same vessels. ....

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