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Veysel Yayan: Fall in flat steel imports would reduce Turkey's foreign trade-激光设备展-钣金工业展-2025第二十五届广州国际激光设备、钣金工业展览会-巨浪展览- 25th China(Guangzhou) Int'l Laser Equipment and Sheet Metal Industry Exhibition
8/26/2024 钣金工业展-激光设备展-sheet metal expo-Laser expo |
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Speaking to Turkish TV channel Bloomberg HT, Veysel Yayan, secretary general of the Turkish Steel Producers'' AssociationITCUD), has stated that the increase in Turkey''s steel imports from Far Eastern countries has negative consequences on thecountry''s economy. Pointing out that flat steel imports reached 9.5 milion mt last year, Mr. Yayan noted that the county''s foreigntrade deficit would decrease by 10 percent if flat steel imports decreased.
Stating that there is excess capacity in the country corresponding to almost 60 percent of local demand, the secretary general ofthe TCUD said that the current large import volumes negatively afect the Turkish steel market, which faces problems due to theexchange rate. Noting that only 37 milion mt of the 60 milion mt steel capacitly in the country wil be used this year and that thereis an idle capacity of approximately 24 milion mt, Yayan stated that China has "invaded the market" by exporting most of its 1.15billion mt capacity.
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