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Virtus Steel/ Adnan Öztürk: One third of the steel industry has been hit

Virtus Steel Chairman of the Board Adnan Öztürk said, " 1/3 of the Turkish steel industry has been hit. Ereğli is almost alone in flat steel. Who can Ereğli catch up with?".

Virtus Steel/ Adnan Öztürk: One third of the steel industry has been hit

Virtus Steel Chairman of the Board Adnan Öztürk, in his statement to Bloomberg HT, emphasized that the existing picture should be revealed and action should be taken in a short time.

Stating that the capacity of the Iskenderun region is 17 million tons, Öztürk said, “We are talking about a region where 2 million tons of 17 million tons are exported every year. We do not know exactly what is the damage, and what is the condition of the ports when the logistics roads will be opened. About one-third of the Turkish steel industry has suffered a serious blow,” he said.

Stating that there are many question marks in the region where 30-35 percent of the steel industry is, Öztürk said, “Of course, the engineers and employees of the steel companies in that region are highly competent people and they will do their best to put the factories into operation as soon as possible; but as long as these question marks continue in the coming days, I do not know how the Turkish steel industry will budget for 2023 in general. It is necessary to draw up a macro plan and openly talk about the rehabilitation periods of all the factories there will be. Whatever the painting is, we must reveal it as soon as possible and take action. In flat steel, Ereğli was almost alone. Who can reach Eregli? “He said.


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