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7.1.9 Metallurgy & mining sector news
7.1.10 Other sector news
7.2 Major corporate news
7.2.1 Oil & gas corporate news 7.2.2 Transport corporate news
7.2.3 Agriculture corporate news
Turkey's crude steel production rose 7.5% on an annual basis to 3.1mn tonnes in July.
The country's steel product exports declined 1.6% y/y to 1.9mn tonnes in the month, the Turkish Steel Producers' Association (TCUD) said.
The United States International Trade Commission (USITC) has voted to maintain existing duties on steel rebar imports from Mexico and Turkey, FreightWaves reported on September 23.
Turkey’s recycling industry will need to source at least half of the raw materials it requires from the domestic market, EUWID reported on September 8.
Turkey’s STAR refinery, controlled by Azerbaijan’s national oil company Socar, has sharply reduced its purchases of Russian Urals oil in 2020 in search for better margins, turning to grades from Iraq and Norway instead, Reuters on September 24 reported traders as saying and data showing.
The first train that will run on a subway line connecting Istanbul to Turkey’s mega airport, Istanbul Airport located outside the city by the Black Sea, has been completed and will be put through test runs at the end of September.
Yildiz Holding, owner of the Godiva chocolates and McVitie’s biscuits, suspended efforts to dispose of its frozen-food division Kerevitas Gida and its UK cracker unit Jacob’s, people with direct knowledge of the Istanbul-based company’s plans told Bloomberg.
TC Capital, a company owned by Turkish businessman Ali Capa, bought a grain and oilseed farm in Timis county, western Romania, from French company Gespie SAS for €23.5mn.
46 TURKEY Country Report October 2020
www.intellinews.com
