During the panel discussion at the SteelOrbis Market Talks Meeting held in Izmir this week, Sami Altin, general manager of Ozkan Demir Celik, outlined the measures the company has been taking to help mitigate the risks faced in volatile market conditions. He also talked about the advantages the company has with its new meltshop.
As regards steps which help the company to avoid risks, Mr. Altin stated that the currency in which its goods are sold is the same as that in which it borrows money to finance expenses such as raw material and energy costs. Another measure taken to remove risks, according to Altin, is the purchase of raw materials in volumes equivalent to the volumes of goods sold, or, vice versa, selling goods in volumes equivalent to raw material volumes bought.
Regarding the advantages of starting crude steel production with its new meltshop commissioned in 2010, Sami Altin said that they are now able to exert greater control over product qualities starting from the scrap phase. Mr. Altin said that the meltshop has provided the company with new product ranges and made it possible to enter markets they once were unable to target.
