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Osman Tureyyen General Manager of METKİM Metal made a sector evaluation at the Global Steel Summit panel

Osman Tureyyen General Manager of METKİM Metal attended the Global Steel Summit panel and discussed current issues in the steel industry. According to Tureyyen's assessment, the difficulties in crude steel production and various restrictions on the industry show that a similar story in the sector globally is valid for all countries.

Osman Tureyyen General Manager of METKİM Metal made a sector evaluation at the Global Steel Summit panel

Tureyyen pointed out that countries' efforts to keep their steel industry in a secure position include measures such as quotas, export and import restrictions. However, he emphasized that despite these difficulties, high quality products are important and the industry should move in this direction.


Tureyyen pointed out that crude steel production in particular should be of increasingly higher quality and said that manufacturers should focus on domestic scrap recycling plants rather than investing in recycling or traders. This approach is important to ensure certain quality standards and guarantee safe deliveries to production areas.

Tureyyen explained that the real problem was not the fall in scrap prices, but the demand for finished products. He pointed out that prices for good quality scrap are unlikely to fall due to the high demand for high quality steel scrap.

In 2024, Tureyyen struggled to clearly state his price expectations for the year 2024, stating that Turkey's CFR value is different from the prices in the GCC region for this year. However, he gave a range and estimated a value between 380-420 dollars. Tureyyen said that the lack of demand for long products has affected Turkish scrap prices, adding that other countries, especially Egypt and GCC countries, are closely following Turkish prices. Stating that the current range is 380-420 dollars, Tureyyen said that their expectations are around 400 dollars.

Tureyyen also said that iron and steel mills should invest in recycling and should invest in standardizing different qualities in their own scrap yards. He also drew attention to the efforts to make non-standard scrap suitable for production by making some kind of principle agreements with recycling companies.

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