13,744.64 TRY BIST 100 BIST 100
46.28 USD USD USD
6.89 CNY CNY CNY
53.70 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.69 TRY Interest Interest
93.67 USD Fossil Oil Fossil Oil
6.21 USD Copper Copper
94.66 USD Silver Silver
102.24 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
102.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Nikunji Turakhi "Investment Plans for the Steel Industry in 2023 will not be Constructive"

Participating in the Global Steel Summit panel, Argus Media Editor Katya Ourakova asked Nikunji Turakhia, President of Sufi Steel, important questions about the current situation in the steel industry.

Nikunji Turakhi "Investment Plans for the Steel Industry in 2023 will not be Constructive"

In response to Ourakova's question about the 70-73% capacity of Türkiye and Europe and the process of solving demand problems, Nikunji Turakhia, President of the Federation of Steel Users of India, provided an overview of the Indian steel sector for 2023. Turakhia said that the diversion of investments into production, production plans and focus on energy development are affecting demand and supply ratios.

To Ourakova's question "Will these plans be constructive?" Turakhia's answer "No" highlights the challenges and uncertainties in the industry. The head of Sufi Steel pointed out that future plans may not be constructive, pointing to the problems facing the industry.

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

ANKIROS is gatherhing the metallurgy sector once again between 22-24 October 2026!

Tuesday, June 16, 2026

BulkX 2027 to showcase the tuture of bulk material handling for heavy industries

Monday, June 15, 2026

SteelRadar met with The Systems Group and EGS Çelik in bilateral discussions at EFRS 2026

Monday, June 15, 2026

SteelRadar EFRS 2026’da artificial intelligence impacts on industry and digitalization discussed

Friday, June 12, 2026

Fazıl Oral spoke at EFRS 2026 on the impact of artificial intelligence on industry and digitalization

Monday, June 15, 2026
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