9,006.55 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
34.29 USD USD USD
37.25 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.62 TRY Interest Interest
72.99 USD Fossil Oil Fossil Oil
33.70 USD Silver Silver
4.35 USD Copper Copper
102.49 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,067.38 TRY Gold (gr) Gold (gr)

Turkish steel industry: 2023 export target of 15 billion dollars

The 89th IREPAS meeting, which brought together Türkiye's steel producers, was held in Istanbul in cooperation with the Steel Exporters' Association (ÇİB). More than 60 steel producers from 20 countries and over 750 participants attended the event. ÇİB Chairman Adnan Aslan said that Türkiye's export target for this year is 15 billion dollars.

Turkish steel industry: 2023 export target of 15 billion dollars

Speaking at the conference, ÇİB Chairman Adnan Aslan announced that the Rebar Monitoring System (İDİS), which will record rebar production from start to finish, will be put into practice on January 1, 2024. Emphasizing that thanks to this system, rebar will be monitored with special security marks from the moment it leaves the production line, Aslan drew attention to the quality of the labeling and monitoring processes.

"We will complete this year with exports of 14-15 billion dollars"

Adnan Aslan reminded that they completed the year with exports of 21 billion dollars last year and stated that they will complete this year with exports of 14-15 billion dollars.

Aslan said, "Our exports per ton is 1,050 dollars. The price of our exports per ton will increase. We will not export construction steel and semi-finished products, we will export products with high added value. By 2027, we will supply 50 percent of our electricity consumption from renewable energy with our own resources."
Emphasizing that Türkiye is by far the number one in construction steel in the western world, Aslan said that there is no country that Türkiye does not export construction steel to.

Quota system negatively affects the Turkish steel industry

Pointing out that the biggest need of the steel industry is capital, Aslan said

"The protectionist policies in the world, which we have had a particular problem with and which started in the west in the last 5 years, are becoming more and more widespread. There are serious trade measures taken against Turkey, especially in the US and Europe. First of all, the Americans started to impose taxes on steel imports, and the American market represented 10 percent of Türkiye's total steel exports. However, in the following years, the same America granted exemptions to countries such as Japan, Europe and Brazil, but unfortunately, the same protectionist system continues to be applied to Türk,ye. The Europeans also introduced a quota system. Unfortunately, Türkiye is also negatively affected by this quota system."

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

ASELSAN signed a 68 million dollar sales contract

Saturday, November 2, 2024

Trade Minister Bolat: We broke the highest October export record in the history of the Republic

Saturday, November 2, 2024

ICA İçtaş issued 405 million dollars value of project bonds!

Saturday, November 2, 2024

Japan's steel exports fell by 3.9%

Friday, November 1, 2024

Türkiye's crude steel production up 13.8% year-on-year in 9 months

Saturday, November 2, 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