Turkey's steel production is mainly provided by electric furnaces. Currently, the Turkish steel sector is facing problems such as high energy prices causing steel producers to increase production costs, high costs causing steel exports to reduce price competition, and the lira depreciating, leading to an increase in scrap import costs.
On the other hand, the investment opportunity for the Turkish steel sector is that the depreciation of the lira attracts foreign investment. In addition, Turkey's geographical position connects Europe and Asia, making it easier to capture the Middle East and Africa steel market.
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