Exporters in the iron and steel industry closed "September"

Yalçın Ertan, Chairman of the Board of Aegean Ferrous and Non-Ferrous Metals Exporters' Association, stated that the demand in the iron and steel industry has increased rapidly, but the production and raw material supply could not keep up with it, and there was a period in which prices rose rapidly.

Pointing out that the increase in demand was much higher than expected, Ertan reported that the prices of some products almost doubled compared to a year ago. Ertan said, "We can give a deadline of about 3 months for the orders we have received. Currently, we have made our export sales for September, in other words, we are going with a 2-3 month sales position." he said.

There is an increase in exports to the Far East

Expressing that production has started to increase with the increase in vaccinations in the last 3 months and they expect prices to settle gradually, Ertan stated that they expect the high demand environment to continue next year. Ertan said:

"We see the next 1-year time frame as a balancing process. The factories closed due to the epidemic in 2020, the demand fell to very low levels due to the stopped productions, with the slowdown of the pandemic, the demand increased considerably compared to 2020. Since the demand peaked this year, we made a great effort not to delay in supply. This year, it seems that we will surpass the production amount of 2019. We want to achieve the best possible in production and exports this year. The export target we set for 2021 at the beginning of the year was 1.4 billion dollars, but as of the end of June, 1.7 billion in the last 12 months We got the dollar."

Expressing that the ferrous and non-ferrous metals and steel sectors were the sectors that exported the most in Turkey in the January-June period, Ertan stated that they expected to close this year with a similar result.

Steel exports reached the limit of 10 million dollars in 6 months

According to the information compiled from the Aegean Exporters' Association data, Turkey's steel exports increased by 55 percent in the 6-month period of the year compared to the same period of the previous year and reached 9 billion 208 million dollars.

Israel ranked first in steel exports with 580 million dollars. This country was followed by Spain with 568 million dollars and Italy with 537 million dollars.
The most striking increase was experienced in the Peruvian market, a South American country. Steel exports to this country, which was 34 million 199 thousand dollars in January-June 2020, increased by 778 percent to 300 million 452 thousand dollars. Exports of ferrous and non-ferrous metals increased by 51 percent in the 6-month period to 5 billion 685 thousand dollars.