Steelmakers in Turkey eye self-sufficiency

Jun 27, 2013 | 03:43 PM | Catherine Ngai

Tags  steel, Turkey, long products, flat products, Veysel Yayan, Namik Ekcini, Turkish Steel Exporters' Association, Steel Success Strategies XXVIII conference Catherine Ngai

NEW YORK — Turkish steelmakers hope that product diversification, along with a push to fill existing supply gaps, will propel the industry toward self-sufficiency, according to executives from the nation’s steel trade groups.

Since the recession, Turkey has faced the same sluggish growth as other global steelmakers. But the country’s steel industry has bounced back due to its cost-competitiveness and strong export volumes, members of the Turkish steel delegation told AMM in an interview during the Steel Success Strategies XXVIII conference in New York.

"Despite the ongoing crisis and seasonal effects, in the first four months there was a 3-percent increase in steel consumption, so it’s an important development for us," Namik Ekinci, chairman of the Turkish Steel Exporters’ Association, said. ....





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