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Veysel Yayan: Fall in flat steel imports would reduce Turkey's foreign trade deficit by 10%-金属展-冶金展-2025广州巨浪国际
金属暨冶金工业展览会-巨浪展览-2025 China (Guangzhou) Int'l Metal & Metallurgy Industry Exhibition
8/26/2024 金属展-冶金展-钢铁展-steel expo-metal & metallurgy 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 country''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 oithe TCUD said that the current large import volumes negatively affect the Turkish steel market, which faces problems due to theexchange rate. Noting that only 37 milion mt of the 60 milion mt steel capacity in the country will be used this vear 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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