8,093.54 TL BIST 100 BIST 100
3.90 CNY CNY CNY
28.91 $ USD USD
€31.78 EUR EUR
0.12 CNY CNY/EUR CNY/EUR
40.73 TL Interest Interest
81.74 $ Fossil Oil Fossil Oil
24.96 $ Silver Silver
3.84 $ Copper Copper
128.44 $ Iron Ore Iron Ore
375.00 $ Ship Dismantling Ship Dismantling
1,902.73 TL Gold (gr) Gold (gr)

Ferrous and non-ferrous metals sector targets the US market in 2023 exports

The total exports of the ferrous and non-ferrous metals sector in the first eight months of 2023 reached 8.5 billion dollars. Its share in general exports was 6 per cent.

Ferrous and non-ferrous metals sector targets the US market in 2023 exports

Among the countries to which the ferrous and non-ferrous metals sector exported the most in the January-August period of 2023, Germany ranked first with 1.18 billion dollars, Italy ranked second with 556.6 million dollars and the USA ranked third with 439 million dollars. Çetin Tecdelioğlu, Deputy Chairman of the Turkish Exporters Assembly (TIM) and Chairman of the Board of Directors of Istanbul Ferrous and Non-Ferrous Metals Exporters' Association (İDDMİB), stated that they are planning various activities to increase exports in the US market for the future.

Stating that the USA is the world's largest importer, Tecdelioğlu also stated that it has emerged as a very important market for exporters:

"Our sector wants to contribute to our country's foreign trade volume with the USA to reach 100 billion dollars, and to play a key role in this regard. In order to achieve this goal, we expect the removal of customs duties and the facilitation of trade by concluding a free trade agreement. In addition, we would like logistics centres to be established close to the ports in the USA and logistics difficulties to be overcome."

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

TUIK announced! Foreign trade deficit decreased by 17.5%

Wednesday, November 29, 2023

Only one out of 4 houses in Türkiye has home insurance

Wednesday, November 29, 2023

Tackling carbon emissions requires $13.5 trillion investment by 2050

Wednesday, November 29, 2023

27 billion dollars worth of exports to the Middle East

Tuesday, November 28, 2023

POSCO plans to open a new steel plant in India

Tuesday, November 28, 2023
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

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

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