10,319.96 TRY BIST 100 BIST 100
35.03 EUR EUR EUR
32.22 USD USD USD
4.49 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.53 TRY Interest Interest
83.58 USD Fossil Oil Fossil Oil
29.64 USD Silver Silver
4.91 USD Copper Copper
116.38 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,467.82 TRY Gold (gr) Gold (gr)

İDDMİB President Çetin Tecdelioğlu commented on Turkey's increasing steel capacity

Çetin Tecdelioğlu, Vice President of the Türkiye Exporters Assembly (TİM) and President of the Istanbul Ferrous and Non-Ferrous Metals Exporters' Association (İDDMİB), made statements about the recent increase in ferrous and non-ferrous metal capacities.

İDDMİB President Çetin Tecdelioğlu commented on Turkey's increasing steel capacity

In his statement, Tecdelioğlu emphasized that Turkey has increased its production potential since 2019 and has improved its competence, especially with the ecosystem developed during the pandemic process, and that previously unproduced materials have started to be produced.

Commenting on the increasing capacities with the recent investments in Turkey, Tecdelioğlu said, "Now the goal is to increase our shares in our export markets. For this, sectoral incentives need to be increased. The added value created by the metal sector is very high. Our export figure on a kilogram basis has reached the level of 5 dollars. They are very important sectors for Turkey with their copper, aluminum, stainless steel, casting, hardware and armatures. We need to facilitate access to raw materials. We need to create special energy tariffs for the production of raw materials in Turkey. Why is Turkey doing so well in the iron and steel sector? Because we produce the raw material here and can supply it to the world market at competitive prices. We need to protect our scrap. Because products transformed from scrap will become preferred products due to green transformation. These products will be sold in the category of environmentally friendly products." 

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

German iron ore prices continue to decrease

Friday, May 17, 2024

BPISC is constructing a new iron ore processing plant

Thursday, May 16, 2024

Voestalpine will produce green steel for Mercedes-Benz and TSR

Thursday, May 16, 2024

H2 Green Steel plans to lead with four new projects

Wednesday, May 15, 2024

Binghatti expands portfolio with acquisition of Dubai steel manufacturing facility

Tuesday, May 14, 2024
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