Turkey's flat steel exports fall 30% in Q1

Apr 27, 2012 | 11:00 AM |

Turkish exports of flat products fell by almost one-third to 410,000 tonnes in first quarter of 2012 against the corresponding period last year, according to newly published data from Istanbul Minerals & Metals Exporters Assn (IMMIB). Turkish flat-steel producers acknowledge they cannot compete with Russian and Ukrainian imports on price, despite their advantage in terms of delivery and tax costs. “We cannot compete effectively with CIS suppliers in the export market yet, because we are not able to reduce our production costs as low as Russia or Ukraine,” an export manager with a Turkish steelmaker told Metal Bulletin on Thursday April 26. “Russian and Ukrainian steelmakers produce steel from locally mined iron ore, while both types of our....

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