9,312.12 TL BIST 100 BIST 100
4.33 CNY CNY CNY
31.01 $ USD USD
€33.67 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.40 TL Interest Interest
83.33 $ Fossil Oil Fossil Oil
22.96 $ Silver Silver
3.88 $ Copper Copper
117.35 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,022.47 TL Gold (gr) Gold (gr)

Hard coal is of strategic importance for the iron and steel industry

General Mining Workers Union (GMİS) Chairman Hakan Yeşil evaluated the place of hard coal, which was started to be produced in 1848 by the Turkish Hard Coal Enterprises (TTK), in the Turkish economy in his written statement.

Hard coal is of strategic importance for the iron and steel industry

Pointing out that hard coal is only found in the Zonguldak Hard Coal Basin in Turkey, Hakan Yeşil noted that the industry is a strategic product, which is the main raw material of the iron and steel industry, with its coking feature.

Hard coal production slowed down

Referring to the importance of the TTK in meeting Turkey's hard coal needs, especially in the iron and steel sector, Yeşil said, “With the developing industry, our country's demand for hard coal has increased, however, the hard coal production of the basin has decreased as a result of the failure to create the necessary production structure due to the wrong mining and import-based economic policies.”

Emphasizing that Turkey's annual hard coal consumption is approximately 38.2 million tons as of today, Yeşil said, “1.2 million tons of consumption is met by domestic production and an average of 37 million tons by imports. Billions of dollars are spent every year for hard coal imports in Turkey.

Domestic production is important in hard coal

Green, who said that the changes in the global coal markets, supply difficulties and the resulting increase in coal prices have revealed the importance of domestic production, gave the following explanations; It should be necessary to meet a large part of the needs of the iron and steel industry and to reduce foreign dependency in these sectors by contributing to the energy sector, and also to ensure the employment of the people of the region in the basin and thus the continuation of the existing mining culture in the region, and policies for the region should be formed within the framework of these objectives.

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

US HRC imports decreased in 2023

Thursday, February 22, 2024

Latest on EU pipe quotas...China and some countries used full capacity

Thursday, February 22, 2024

Russia increased steel exports to India by 48 % in 2023

Thursday, February 22, 2024

Scrap and rebar prices decreased in Türkiye

Thursday, February 22, 2024

Approval of coal-based power capacity in China poses a risk to climate goals

Thursday, February 22, 2024
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