9,523.31 TRY BIST 100 BIST 100
37.92 USD USD USD
5.25 CNY CNY CNY
40.95 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.36 TRY Interest Interest
73.01 USD Fossil Oil Fossil Oil
33.28 USD Silver Silver
4.89 USD Copper Copper
102.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,819.33 TRY Gold (gr) Gold (gr)

European wind in iron and steel exports: Record increases were realised

Türkiye's iron and steel industry achieved significant export increases in European countries such as Italy, the United Kingdom and Spain, with orders increasing in August.

European wind in iron and steel exports: Record increases were realised

Fuat Tosyalı, President of the Mediterranean Ferrous and Non-Ferrous Metals Exporters' Association (ADMIB), stated that they aim to exceed the 2021 performance. In August, Türkiye's ferrous and non-ferrous metals sector exported $1.1 billion, up 1.5 per cent, and the steel sector exported $1.4 billion, up 5.5 per cent. Germany was the biggest market with $ 190.1 million, followed by Italy and Romania with exports of $ 147.9 million and $ 127.5 million, respectively.

According to ADMIB data, iron and non-ferrous metals exports increased by 7.2 per cent compared to the same period last year to 64.7 million dollars, while steel exports reached 220.1 million dollars with an increase of 63 per cent. Italy was the biggest buyer with $31 million, followed by Egypt and Iraq with $25 million and $17 million, respectively. There were remarkable export increases especially in markets such as Ukraine, Italy, Belgium and the United Kingdom.

Fuat Tosyalı emphasised the uninterrupted growth in the steel sector and the positive momentum in the ferrous and non-ferrous metals sector and said, ‘We had difficult times last year. This year we are in the process of recovery with new investments and increased production. Orders from Europe are uplifting. We aim to close the year in the best way possible and show a better performance next year,’ he said. Tosyalı added that they aim to achieve and exceed the highest performance in exports in 2021.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Tax on scrap exports from Ukraine to Türkiye to remain in place

Thursday, April 3, 2025

OQGN partners with Hidrom to develop Oman's green hydrogen economy

Thursday, April 3, 2025

Steel billionaire Lakshmi Mittal announces relocation to the United Arab Emirates

Thursday, April 3, 2025

MKE to invest TRY 2 billion in defense industry

Thursday, April 3, 2025

Kardemir is 88 years old: A milestone in Türkiye's industrialization journey

Thursday, April 3, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now