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Turkey, Europe’s largest steel producer, prepares for exports

Producing 35.8 million tonnes of steel last year, Europe’s largest steel producer rises to Turkey, up 10 percent this year, while the value points to a 15 percent increase in exports.

Turkey Exporters Assembly (TIM), according to data collected from the data, the steel industry, last month was exported 1 billion 56 million 325 thousand dollars. The sector’s exports decreased by 7 percent compared to the same period last year.

The steel sector was 7.8 percent in January 2021 Turkey’s export share.

The sector was the one that most exported to Israel with 111 million 57 thousand dollars last month. Israel was followed by Spain with 70 million 652 thousand dollars and Iraq with 53 million 446 thousand dollars.

According to the groups of countries, the region to which the steel industry most exported was the European Union (EU) countries. The sector, which exported 389 million 579 thousand dollars to EU countries in January 2020, made the largest export to this region with 309 million 568 thousand dollars despite the decrease of 20.5 percent in the same period of this year.

Middle Eastern countries followed the EU, where exports fell 8.3 percent. Last month 234 million 666 thousand dollars were exported to countries in the Middle East.

“JUST LAST YEAR IN CHINA, RUSSIA, TURKEY, IRAN AND THE INCREASE OF THE MANUFACTURING OF VIETNAM WAS OBSERVED”

Adnan Aslan, Chairman of the Board of the Association of Steel Exporters (ÇİB), stated that global crude steel production decreased 0.9 percent compared to 2019, to 1.864 million tonnes last year.

Aslan said that China, which accounts for 56.5 percent of global steel production, grew by 5.2 percent last year and that steel production of 811 million tonnes outside China contracted by 7.7 percent.

Last year, the world steel production in the first ranking of the 15 countries only China, Russia, Turkey, Iran, and said it showed an increase in the production of Vietnam from The Lion, India, Japan, the United States, while than in Germany and Italy in the production of such double-digit declines that occurred.

Lion, “Turkey’s steel production last year increased 6 percent to 35.8 million tons. We can proudly say that global crude steel production in 8th place in Turkey, Germany 2020 ends at across the seventh world rose to large producer of Therefore, our The country has become the largest producer of steel in Europe, “he said.

“WE EXPECT PRICES TO REACH BALANCE IN THE FIRST HALF OF 2021”

Stating that there was a severe contraction in the steel industry, especially in the second quarter of 2020, due to the new type of corona virus (Covid-19) epidemic, Aslan said:

“Especially the big steel producers had to reduce their production during this process. But from the fourth quarter, the demand returned again, but the prices of the raw materials used in the steel production increased. So much so that for January of 2021, the prices of the main liquid steels Production inputs, such as scrap and ore, were close to almost double the prices at the beginning.

As a result of the onset and persistence of the downward trend in these input prices, prices may return to more reasonable levels. We expect prices to break even in the first half of 2021. “

Aslan said that, within the scope of the steel industry’s export normalization expectations in the outbreak by 2021, they expect to reach approximately 23 million tons with a 10 percent increase in quantity, and reach around $ 15 billion with an increase. 15 percent in value.

Aslan claimed that they do not expect increased exports in these markets in 2021 due to quotas in the EU and trade and import policy taxes in the US, but they aim to increase exports to these markets compared to the previous year focusing more on Southeast Asia, Latin America and West Africa.

“WE HAVE STARTED EXPORTING AGAIN TO CHINA WHERE WE HAVE RACED FOR 20 YEARS”

Stating that a new era has entered the supply chain with the Covid-19 outbreak, Adnan Aslan emphasized that it is more important than ever for the sector to turn to alternative markets.

Stating that the Turkish steel industry has created an outlet for itself in terms of taking its export performance one step ahead of the past, Aslan said:

“We have also taken advantage of having great experience and knowledge in crisis management here. To overcome obstacles, we both turned to old markets and tried to increase our presence in new markets. Today, we start exporting to China again. , the country we’ve been competing with for 20 years. We were able to regain our Far East markets due to developments in China. Additionally, we were able to increase our exports to Africa and South America. Therefore, we have at least offset the contraction we experienced in Europe and the United States. “

Covidien-19 after the demand for steel increased globally and they hope to contribute to the promotion of Turkey’s record steel production and exports, Aslan said that this case would increase interest in producing and exporting companies.

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