9,097.15 TL BIST 100 BIST 100
€33.84 EUR EUR
31.30 $ USD USD
45.26 TL Interest Interest
83.55 $ Fossil Oil Fossil Oil
23.12 $ Silver Silver
3.85 $ Copper Copper
113.89 $ Iron Ore Iron Ore
392.00 $ Ship Dismantling Ship Dismantling
2,100.60 TL Gold (gr) Gold (gr)

According to IMSAD, industrial production of construction materials increased by 12.2%

According to the IMSAD Monthly Sector Report, industry production of construction materials increased by 12.2%. Iron and steel construction products, which are among the sub-sectors experiencing a production decrease, recorded a decrease of 8.2%. The most fundamental factor in the report was the damage costs incurred in the earthquake areas.

According to IMSAD, industrial production of construction materials increased by 12.2%
According to the March 2023 results of the Turkey IMSAD Monthly Sector Report, which is carefully monitored by the construction sector and economic environment, construction materials industrial production increased by 12.2% in January compared to the same period of the previous year. In the report, which emphasized that production in 18 sub-sectors increased compared to the same period of 2022, the earthquake effects that caused great destruction in 11 provinces were also included. Accordingly, the zoning cost required for the reconstruction of 704 thousand 281 buildings identified in the region was calculated as 70.8 billion dollars.
The March 2023 results of the Monthly Sector Report prepared by the Turkish Construction Material Industrialists' Association (Turkey IMSAD), the umbrella organization of the construction material sector, have been announced. According to the report, in the first month of 2023, construction materials industry production increased by 12.2 percent compared to January last year. While 18 of the 22 sub-sectors in the construction materials industry experienced an increase in production, production decreased in 4. While the highest increase was experienced in the ready-mixed concrete sector with 58 percent, the metal door and window sector took the second place with an increase of 51.2 percent. While the production increase in the following 12 sectors was in double digits, there was an 8.2 percent decrease in iron and steel construction products among the sub-sectors where production decreased.
The cost of reconstruction in the disaster area is 70.8 billion dollars
In the report prepared by Turkey IMSAD; The effects of the earthquakes that occurred on February 6 in Kahramanmaraş and caused great destruction in 11 provinces were also included in the sector. According to the data obtained from the comprehensive report prepared by the Presidential Strategy and Budget Directorate of the Republic of Turkey, the cost of reconstruction in the earthquake region was calculated as 70.8 billion dollars. The cost of rebuilding housing in the area was $54.7 billion, $2.0 billion for the reconstruction of businesses and $0.7 billion for repairing damaged buildings. The total cost for the reconstruction and maintenance/repair of municipal buildings and education and health buildings was set at $8.2 billion. The cost of reconstruction and repair required for infrastructure services was projected at $5.23 billion. The cost of infrastructure/water/sewerage construction for the new construction was stated as $ 2.65 billion, and the cost of repair/maintenance in the transportation sector was stated as $ 1.69 billion.


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

Explosion at Tosçelik granule factory

Sunday, February 25, 2024

Minister Tunç announced whether the '25 percent' limit on rents will be extended

Sunday, February 25, 2024

UAE invests $35 billion in Egypt

Sunday, February 25, 2024

The US imposes sanctions on 93 entites, including Türkiye: Here are 16 targeted companies from Türkiye

Saturday, February 24, 2024

Steel sales in Germany increased around 74 percent in January

Thursday, February 22, 2024
Follow List
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