Turkey's Colakoglu has reduced its hot rolled coil (HRC)
capacity utilisation to 60%, ceo Ugur Dalbeler said on Thursday
Demand for HRC in Turkey's domestic market remains sluggish due
to a slowdown in sales from consumers in the white goods and
Colakoglu has reduced production capacity to ensure that HRC
supply meets the demand.
"We do about 240,000 tonnes a month of liquid steel," said
Dalbeler. "We are running as normal at our meltshop. However,
as far as our hot strip mill for hot rolled coil production is
concerned our capacity utilisation rate is around 60%," he
Colakoglu is able to output 4.5 million tpy of HRC when
operating at full production capacity.
It can produce HRC in thicknesses of 1.2-25mm and widths of
800-1,650mm, according to its website.
The company can also switch production to slab, billet, bloom
and rebar depending on market conditions.
HRC was sold to the domestic market at $670-680 per tonne
ex-works, unchanged since deals concluded last week
according to Turkish market participants.