Engineering steel – SBQ – in Europe
As the European engineering steel sector languishes because of declining or (at best) stagnant automotive production volumes, many European producers of SBQ bar remain in difficulty because of poor capacity utilisation in their engineering steel bar mills. This matter was discussed in our recent European SBQ sector report.
We now read that – together with rising automotive production in Turkey – Kardemir in Turkey is investing in a new SBQ mar mill. This investment seems well targetted and well timed. What a shame that some of our larger European producers of engineering steels could not undertake a Turkish venture of this form?
For more about Kardemir, see SteelOrbis news report.