During the panel, Udit Kapoor, Vice President of Jindal Steel & Power; Handy Rachmat, Sales Director of PT. Dexin Indonesia; Chen Guangfu, Deputy General Manager of Shagang Steel Group; Yasin Kanbur, General Manager of CIEC Middle East; and Lora Stoyanova, Steel Editor at Argus Media were present.
Tolga Cekicler, evaluating the current economic conditions in Turkey, stated that it is difficult to increase demand in the short term: ‘It is not possible to expect a short-term increase in demand in Turkey with an interest rate of 50% and inflation above 50%. However, I expect improvements starting from the second half of 2025.’
Cekicler also noted that Turkey's antidumping investigations in the European market have provided advantages to Asian suppliers. "As Tat Metal, we are nearly completing our third galvanizing facility in Turkey, and by the end of the year, we will have increased our total galvanizing capacity. Similar steps are being taken at other facilities in Turkey. Therefore, I believe it is wise to produce in a country with excess capacity. I am confident that Turkey will become one of the largest suppliers on the European side in the future,” he said.
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