5,121.86 TL BIST 100 BIST 100
18.82 $ USD USD
€20.38 EUR EUR
8.72 TL Interest Interest
84.85 $ Fossil Oil Fossil Oil
4.18 $ Copper Copper
23.61 $ Silver Silver
128.11 $ Iron Ore Iron Ore
404.00 $ Ship Dismantling Ship Dismantling
1,161.21 TL Gold (gr) Gold (gr)

Turkey's steel quotas will increase mandatory

The energy crisis caused by the war between Russia and Ukraine has dealt a heavy blow to the iron and steel industry in Europe.

Turkey's steel quotas will increase mandatory

The global crisis experienced around the world has turned into an opportunity especially for Turkey. Western countries, which have imposed heavy sanctions on the Moscow administration due to the Ukraine war, are experiencing great anxiety in the face of energy rest. While Europe, which wants to survive the winter with the least damage, took measures one after the other and called on the citizens to save, the number of businesses whose doors were locked increased day by day. One of these enterprises is iron and steel.


President Erdoğan gave instructions to eliminate the deficiencies in all production facilities, especially in İskenderun and Ereğli. The production capacity, which is at the level of 60 percent, is calculated to increase to 100 percent after the deficiencies to be eliminated. Turkey has made a series of new initiatives in the supply of scrap, especially in countries such as Syria and Iraq, with its 20 billion tons of coal reserves. While many countries, including China, Brazil, Russia, Japan, Taiwan, and India, were seriously affected by the crisis, Turkey is the most attractive alternative in this field due to its natural opportunities and geographical location.


Turkish Iron and Steel Producers Association Veysel Yayan, in his evaluation to the Turkish newspaper, said, “Worldwide developments offer historical opportunities to Turkey. The World Trade Center has issued a warning text regarding the troubles that the crisis will cause. At this point, Europe will give a very important test of sincerity. Because until now, there were quotas applied against Turkey within the scope of protection measures related to iron and steel exports and scrap supply. They have now lost all their production dynamics. In the coming period, we will see how they will overcome their current foreign dependency. Of course, Turkey is the strongest alternative due to both the exchange rate difference and distance-transport advantages. At this point, a great deal of work falls on official institutions, especially on energy costs.


Former MTA project manager İlker Şengül emphasized that the global balances forced the US and EU sides to take new positions and made the following assessment: At this point, quota regimes will necessarily change. Especially since Europe was struggling with a severe energy crisis, it stopped all production. The giant brand of the sector, Arcelor Mittal, closed its factories in countries such as Spain, Germany, France and Italy. In addition, facilities producing in countries such as Poland, Czechoslovakia, Slovakia, Serbia, England, Austria and Belgium stopped their operations. On the other hand, Turkey does not experience any fuel-energy problems in either Iskenderun or Ereğli. Our country has 20 billion tons of coal reserves. This is a great advantage in terms of iron and steel production. We are also a problem-free country in the use of fluidized beds and supercritical systems.


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

Tosyalı signed a partnership agreement with AD Ports Group

Tuesday, January 31, 2023

The UAE has decided to extend the import duty period for rebar and wire rod products

Tuesday, January 31, 2023

US steel production has increased

Tuesday, January 31, 2023

Taiwan's Feng Hsin increases its scrap and rebar prices

Tuesday, January 31, 2023

Aluminum prices will be supported by industry demand

Tuesday, January 31, 2023
Follow List
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