11,082.63 TRY BIST 100 BIST 100
5.88 CNY CNY CNY
48.89 EUR EUR EUR
41.60 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
39.37 TRY Interest Interest
64.63 USD Fossil Oil Fossil Oil
63.19 USD Silver Silver
11,082.63 USD Copper Copper
103.68 USD Iron Ore Iron Ore
340.00 USD Shipbreaking Scrap Shipbreaking Scrap
5,167.38 TRY Gold (gr) Gold (gr)

Amir Aligholizadeh evaluated the steel sector in Türkiye and Iran at Metal Expo 2025

Presenting at Metal Expo 2025, steel analyst Amir Aligholizadeh evaluated in detail the production capacities and market dynamics of the steel sectors in Türkiye and Iran.

Amir Aligholizadeh evaluated the steel sector in Türkiye and Iran at Metal Expo 2025

Aligholizadeh stated that steel production in both countries holds significant positions and shared crude steel production figures for 2022–2024. According to him, Iran produced 30 million tons in 2022, 32.05 million tons in 2023, and 30.4 million tons in 2024, while Türkiye produced 35.1 million tons, 33.7 million tons, and 36.9 million tons of crude steel, respectively.

In his presentation, Aligholizadeh emphasized that steel usage is also expected to increase in total and per capita terms. In Iran, steel consumption rose from 17.2 million tons in 2020 to 20.2 million tons in 2024, while in Türkiye, it increased from 18 million tons in 2023 to 19.7 million tons in 2024.

Iran’s exports reached 11.9 million tons in 2023 and 10.8 million tons in 2024, while imports were 1.4 million tons in 2023 and 1.8 million tons in 2024. In Türkiye, exports were recorded at 12.7 million tons in 2023 and 17 million tons in 2024.

Aligholizadeh stated that in Türkiye, where crude steel production is growing in 2024, 70% of production comes from electric arc furnaces (EAF) and 30% from basic oxygen furnaces (BOF), whereas in Iran, the share is 92% EAF and 8% BOF. He emphasized that this difference will drive investments and further developments.

Touching on capacity utilization rates, Aligholizadeh noted that Türkiye’s rates stood at 63% in 2022, 56% in 2023, and 61% in 2024, while Iran’s were 73%, 72%, and 61% for the same period. He emphasized that Türkiye’s production growth continued despite infrastructure and energy challenges, while Iran faced limitations in production growth due to energy and gas restrictions.

Aligholizadeh stated that Türkiye is critical from a standalone steel operation perspective, whereas Iran maintains growth potential in the domestic market through its export oriented production and limited imports. He added that trade and cooperation between the two countries aim to increase efficiency rather than hinder sector development, benefiting both sides.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

EU imposes comprehensive sanctions on Iran, banning trade in steel, raw materials, and multiple products

Friday, October 3, 2025

CMC appeals court ruling against Pacific Steel

Friday, October 3, 2025

Gerdau will start selling iron ore from 2026

Friday, October 3, 2025

"The largest iron ore reserve on the planet has been discovered in Australia"

Friday, October 3, 2025

TCMB and UAE Central Bank sign 3 agreements

Friday, October 3, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now