BGC Partners: Highlights from Erdemir <EREGL TI> 4Q19 results Analyst Meeting, neutral…
There has been two unexpected halts (one in Iskenderun, one in Eregli plants) in 2019 due to failure in some blast furnaces, which caused around 400kt production loss in the year. The halt in Iskenderun plant took place in 4Q19 which has affected 4Q19 slightly negatively. In 2020, there are two “planned†halts, but the company makes necessary adjustments and plans to optimize production so there is no meaningful impact expected on 2020 production levels.Eregli Demir Ve Celik Fabrikalari is engaged in the production of iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed products, coke and their by-products.
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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