9,936.76 TRY BIST 100 BIST 100
33.95 USD USD USD
37.74 EUR EUR EUR
4.82 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.36 TRY Interest Interest
72.78 USD Fossil Oil Fossil Oil
28.74 USD Silver Silver
28.74 USD Copper Copper
91.32 USD Iron Ore Iron Ore
373.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,753.33 TRY Gold (gr) Gold (gr)

Virtus Steel/ Adnan Öztürk: One third of the steel industry has been hit

Virtus Steel Chairman of the Board Adnan Öztürk said, " 1/3 of the Turkish steel industry has been hit. Ereğli is almost alone in flat steel. Who can Ereğli catch up with?".

Virtus Steel/ Adnan Öztürk: One third of the steel industry has been hit

Virtus Steel Chairman of the Board Adnan Öztürk, in his statement to Bloomberg HT, emphasized that the existing picture should be revealed and action should be taken in a short time.

Stating that the capacity of the Iskenderun region is 17 million tons, Öztürk said, “We are talking about a region where 2 million tons of 17 million tons are exported every year. We do not know exactly what is the damage, and what is the condition of the ports when the logistics roads will be opened. About one-third of the Turkish steel industry has suffered a serious blow,” he said.

Stating that there are many question marks in the region where 30-35 percent of the steel industry is, Öztürk said, “Of course, the engineers and employees of the steel companies in that region are highly competent people and they will do their best to put the factories into operation as soon as possible; but as long as these question marks continue in the coming days, I do not know how the Turkish steel industry will budget for 2023 in general. It is necessary to draw up a macro plan and openly talk about the rehabilitation periods of all the factories there will be. Whatever the painting is, we must reveal it as soon as possible and take action. In flat steel, Ereğli was almost alone. Who can reach Eregli? “He said.

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
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

Netherlands restricts exports of chip manufacturing equipment

Saturday, September 7, 2024

Pakistan launches anti-circumvention investigation into products imported from China

Thursday, September 5, 2024

Steel Dynamics demands antidumping duties on US imports

Saturday, September 7, 2024

International Finance Corporation signs agreement with Indonesian steelmaker

Thursday, September 5, 2024

Iron ore prices and demand in China's steel market

Saturday, September 7, 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