9,196.13 TRY BIST 100 BIST 100
39.49 USD USD USD
5.53 CNY CNY CNY
45.44 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
43.53 TRY Interest Interest
76.80 USD Fossil Oil Fossil Oil
46.56 USD Silver Silver
4.81 USD Copper Copper
94.71 USD Iron Ore Iron Ore
328.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,280.95 TRY Gold (gr) Gold (gr)

The main agenda of the iron and steel industry is 'circular production'

Concepts such as zeroing carbon emissions, energy efficiency, and sustainability in production form the cornerstones of the EU Green Deal transformation process.

The main agenda of the iron and steel industry is 'circular production'

In order to support its members in this transformation and harmonization process Aegean Iron and Non-Ferrous Metals Exporters' Association discussed domestic and foreign good practice examples the effects of the European Union Green Deal on the iron and steel industry in a webinar organized with the cooperation of the Steel Foreign Trade Association and the contributions of the Turkish Steel Producers Association.

In the webinar moderated by Çiğdem Önsal, Deputy Secretary General of Aegean Exporters' Association, Secretary General of Turkish Steel Producers Association Dr. M.Veysel YAYAN and Bilecik Demir Çelik A.Ş. General Manager Muammer BİLGİÇ shared his knowledge and experience with the participants.

Yalçın Ertan, President of Aegean Ferrous and Non-Ferrous Metals Exporters' Association, said, “The past 2021 has been a good and productive year for all steelmakers and the non-ferrous metals industry. Although it looks good when we look at the figures of the first six months of this year, we, as Aegean Ferrous and Non-Ferrous Metals Exporters' Association, reached an export figure of 2 billion 241 million dollars last year and 2.6 billion dollars in the last year. However, as of April of this year, our production balances started to deteriorate due to the discounted raw materials and semi-finished products that came to our country from Russia and a limited number of them went to other countries. In addition, the rapid decline in Iron-Steel prices caused a contraction in demand with the fear of whether it would decrease further. Add to this the low demand in the domestic market.” said.

Ertan said, “While the world steel industry has been in a difficult process since 2018 due to protectionist measures, in the first half of 2020, after the contraction experienced due to the pandemic, the accumulated demand in the second half caused price increases in both raw materials and finished products. Even though the problems continue in 2021 with the deterioration in the supply chains, our exporting companies have managed to strengthen the sector again by adapting quickly to the developments.” he said.

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

Mexico proposes a comprehensive agreement with the United States covering security, migration and trade

Thursday, June 19, 2025

Mahmood Saeed Steel signed new steel structure contract for Hyundai plant in Saudi Arabia

Thursday, June 19, 2025

TİM President Gültepe: Iran is an important market, but exporters should turn to alternative markets

Thursday, June 19, 2025

CRC Evans to undertake welding of steel pipes in Morocco water project

Thursday, June 19, 2025

Acciaierie Venete introduced its "LUMEN" brand steel, produced using 100% renewable electricity

Thursday, June 19, 2025
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