Due to high energy costs and falling demand from the regular market in the EU region, the year 2023 is expected to be compelling with a lower success rate in production capacity.
Turkey's energy cost increased by 8% to %28 in 2022, and in these premises, the market share fell by a high percentage. Furthermore, an anti-dumping (AD) duty of 2.4-11% was imposed on galvanized coils exported to EU forum August 2022.
In the first 10 months of 2022, the average capacity of the Turkish steel industry was 66.4% down by 8.3% from 74.4% in 2021.
Depending on the current eceonomic situation, Turkish coated steel producers will need to maintain their low production rate, at least in the first half of 2023, to come through the bad period.
Comments
No comment yet.