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Turkish Steel exports likely to advance further in 2017- The 18th China£¨Guangzhou£©Int¡¯l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
1/4/2017 sheet metal expo |
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Anadolu Agency reported that Turkish steel exports are expected to gain to 16.4 million metric tonnes this year and advance further by 3 percent during next year.
According to Turkish Steel Exporters¡¯ Association, Turkish steel exports are expected to advance next year mainly due to the announcement of the increase in public investments in Turkey in the coming months, the commissioning of some important projects, urban transformation gathering speed, recovery seen in sales of upstream industries such as housing, automotive and white goods which use steel products as inputs, association expects 2017 to be a better year for the Turkish steel industry.
Scrap prices have remained relatively cheap compared to iron ore prices in recent months and this has increased competitiveness of the Turkish steel industry since 70 percent of its production comes from electric arc furnaces which use scrap as raw material.
Meanwhile, association also said that the recovery in the domestic markets of the US, Europe and some Far Eastern countries including Japan and China will also positively affect Turkish steel exports in 2017, especially flat steel exports.
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The 18th China£¨Guangzhou£©Int¡¯l
Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
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