Manufacture of basic iron, steel, ferro-alloys revenue in Turkey 2013-2022
Technological innovations, use of state-of-the-art production methods, a flourishing construction sector and a favorable manufacturing climate are some of the factors that have contributed to the growth of the Turkish basic iron, steel and ferro-alloys manufacturing industry. It was valued at 24 billion U.S. dollars in 2013 and is projected to grow to 37 billion U.S. dollars by 2022. Iskenderun Demir ve Celik A.Ş.is one the leading players in this sector, having garnered revenues of over 10.6 billion Turkish lira in 2017.
Leading worldwide exporter of steel
Over time, the iron and steel industry has become one of the most developed sectors in the country and is the fourth largest contributor to the Turkish economy, according to the Turkish Steel Exporters association. Moreover, Turkey is one of the leading exporters of steel, with over 19 million metric tons exported to countries across the globe in 2018.
Tata Steel turns to Turkey amid Covid-19 outbreak
Tata Steel, one of the global leaders in steel production, is reducing its dependence on China for steel imports, having already announced its intentions to tap into the Turkish market, owing to Covid-19 outbreak that has disrupted its supply-chain. This is expected to further boost the country’s revenues in the short to medium, which have been a bit sluggish off-late, as exports fell 15 percent year-over-year for the first quarter of 2020.
Leading worldwide exporter of steel
Over time, the iron and steel industry has become one of the most developed sectors in the country and is the fourth largest contributor to the Turkish economy, according to the Turkish Steel Exporters association. Moreover, Turkey is one of the leading exporters of steel, with over 19 million metric tons exported to countries across the globe in 2018.
Tata Steel turns to Turkey amid Covid-19 outbreak
Tata Steel, one of the global leaders in steel production, is reducing its dependence on China for steel imports, having already announced its intentions to tap into the Turkish market, owing to Covid-19 outbreak that has disrupted its supply-chain. This is expected to further boost the country’s revenues in the short to medium, which have been a bit sluggish off-late, as exports fell 15 percent year-over-year for the first quarter of 2020.
