10,025.05 TRY BIST 100 BIST 100
4.92 CNY CNY CNY
35.62 USD USD USD
36.90 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
38.60 TRY Interest Interest
79.77 USD Fossil Oil Fossil Oil
30.52 USD Silver Silver
4.28 USD Copper Copper
104.31 USD Iron Ore Iron Ore
350.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,120.62 TRY Gold (gr) Gold (gr)

İDDMİB President Çetin Tecdelioğlu commented on Turkey's increasing steel capacity

Çetin Tecdelioğlu, Vice President of the Türkiye Exporters Assembly (TİM) and President of the Istanbul Ferrous and Non-Ferrous Metals Exporters' Association (İDDMİB), made statements about the recent increase in ferrous and non-ferrous metal capacities.

İDDMİB President Çetin Tecdelioğlu commented on Turkey's increasing steel capacity

In his statement, Tecdelioğlu emphasized that Turkey has increased its production potential since 2019 and has improved its competence, especially with the ecosystem developed during the pandemic process, and that previously unproduced materials have started to be produced.

Commenting on the increasing capacities with the recent investments in Turkey, Tecdelioğlu said, "Now the goal is to increase our shares in our export markets. For this, sectoral incentives need to be increased. The added value created by the metal sector is very high. Our export figure on a kilogram basis has reached the level of 5 dollars. They are very important sectors for Turkey with their copper, aluminum, stainless steel, casting, hardware and armatures. We need to facilitate access to raw materials. We need to create special energy tariffs for the production of raw materials in Turkey. Why is Turkey doing so well in the iron and steel sector? Because we produce the raw material here and can supply it to the world market at competitive prices. We need to protect our scrap. Because products transformed from scrap will become preferred products due to green transformation. These products will be sold in the category of environmentally friendly products." 

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

EGA's (Emirates Global Aluminum) US plant expansion project reaches an important stage

Wednesday, January 22, 2025

Oman's stock market closed its third week higher

Tuesday, January 21, 2025

Famous automotive brand chooses Egypt for investment over Türkiye

Tuesday, January 7, 2025

Dubai building materials prices fluctuate in the third quarter of 2024

Thursday, December 26, 2024

Yıldız Entegre ranked third in Anatolian 500

Wednesday, December 11, 2024
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