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The course of the sector was evaluated in the Steel Talks

The "Have Your Say - Steel Talks" event, organized by the Çelik Dış Ticaret Derneği, took place online on DECEMBER 22, 2022 at 14:00 - 16:00.

The course of the sector was evaluated in the Steel Talks

Ekinciler Iron and Steel Industry. A.Ş., organized by the Çelik Dış Ticaret Derneği, the "Have Your Say - Steel Talks" event was held online on DECEMBER 22, 2022 at 14:00 - 16:00.

The titles of the meeting;

1. RAW MATERIALS MARKETS IN THE SHADOW OF THE STAGE
2. FAR EAST, EUROPEAN, AMERICA AND MIDDLE EAST MARKETS
3. FREIGHT MARKET
4. LATEST SITUATION IN EXPORT
5. LONG / FLAT MARKETS
6. It was determined as DOMESTIC MARKET.

Sector representatives shared their evaluations with the participants, respectively.

THE FAR EAST MADE A GREAT ATTACK

Kutay Kenan Ülkü, Commercial Manager of Tata International Ltd. 'We are the largest supplier in Europe, we are by far the first in flat products, but it is decreasing every now and then. In the Far East, Japan made a big attack. In this context, Far Easterners are making offers to Europe for sheet metal at incredible prices.' “Countries such as Korea and Japan export $200 below the domestic market prices. While we could not buy goods from Europe 6 months ago, now 2023 connections have not been made yet.'' He added to his words. Their expectations are “In 2023, it is expected to be 800-850 Euros, if not 1000 Euros. Downtrend continues in HRC. Exports to Europe decreased a lot. It is expected that the exemption from the quotas in the coated and stainless group will be lifted. In this case, Turkey will be in an advantageous position. 2023 is not in the first half, but I hope the steel industry will be better than 2022 in the second half.”

THE PANDEMIC PROCESS CONTINUES IN CHINA

Yasin Kanbur, one of Hangzhou CIEC Group Co.,Ltd. managers, made evaluations about China. ‘Covid measures were continuing in China until 3 weeks ago. After the easing at the beginning of December, the number of covid cases started to increase again. On January 21, the country starts the new year. Everyone is going to their families here, it seems like the pandemic will experience its second wave. On the way back from here, a third wave may occur with increases.' he said.

The first quarter for China will pass with the pandemic process

Kanbur said, “They shared their 3% growth expectations at the China meeting on 15-17 December, and it is expected to be 6 or even 8 percent in 2023. The World Bank, on the other hand, predicts 2.7 percent growth for China.

60% of the pre-sold projects in China from 2013 to 2020 could be delivered.

Recovery is difficult in China in the first quarter, but in the next quarter, with government supports, domestic market sales are expected to increase and a related recovery is expected.

Finally, “Far East prices are not in a position to threaten Turkey. Prices are at reasonable levels.

Exports in China continued with 5,6 million tons, and it is expected to continue with 67 million tons annually.

Production capacities of the factories continue at the level of 84%. If the state increases their support, they will turn to the domestic market, otherwise they will turn to exports because they will not be able to reduce production.'' he added.


It is regular news. The sequel will be published on December 22, 2022 at 09:30.

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