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  • Bloomberg, citing 3 three people familiar with the matter, reported that Indias biggest steel producers are in talks to buy coking coal at the lowest price since 2010. The people said that they expect to contract the steelmaking ingredient at as low
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Turkish Steel sets up Matil Corp to provide R&D services

Turkish Steel sets up Matil Corp to provide R&D services

Turkey's Steel Exporters' Association announced that it has established Matil Materials Test and Analyze Laboratories Corporation which will set up a research and development center and an accredited testing laboratories in Turkey and which will also focus on innovation and technology development.

Matil Corporation will primarily establish accredited test laboratories in order to carry out material testing and analysis necessary for export operations. The center aims to reduce costs for testing operations abroad and reduce time and energy spent for transport and customs operations. The operations in question will include fatigue tests, as well as all mechanical and chemical tests, raw material analyses, and measurements needed for environmental obligations.

According to the CIB's announcement, another important task of Matil is to establish an R&D and innovation center in order to increase high value-added production in the country and to boost the competitive power and sustainability of Turkish manufacturing sector products.

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