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According to Mysteel, Turkish specialty steel producer Cemtas suspended operations at its steelmaking and rolling mill facilities from October 23rd to 31st for a period of one week. B30P095 oriented electrical steel, The shutdown was primarily for the replacement of refractory materials in the annealing furnace and maintenance of in-plant lifting equipment. During this period, its production line for automotive stabilizer bars continued to operate.
Cemtas has an electric arc furnace steelmaking capacity of 193,200 tons per year and a rolling capacity of 207,400 tons per year. B30P095 oriented electrical steel, Its products include bearing steel, free-cutting steel, leaded steel, spring steel, and tool steel, primarily supplying the automotive industry. The company plans to reduce its carbon dioxide emissions by 60% by 2030 compared to the 2021 baseline and aims to achieve carbon neutrality by 2050, in line with the EU Green Deal requirements. Its electric arc furnace production process, which primarily uses scrap steel, gives it a competitive advantage in terms of lower carbon emissions.
As of October 24th, the price of high-quality imported heavy melting scrap steel (HMS 1/2 80:20) in Turkey remained at US$3512/ton CFR, with overall market demand being weak and prices remaining stable,B30P095 oriented electrical steel.
