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Erhan Özdemir: Turkey will certainly remain to have a good setting in global steel market regardless of regionalization

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At the SteelOrbis Market Talks satisfying held at the Bursa Crowne Plaza on June 13, with the sponsorship of Yıldız Demir Çelik, CIES and also STS Team, Erhan Özdemir, replacement general supervisorGangya metal of Turkish level steel manufacturer Yıldız Demir Çelik, spoke about the most up to date developments in the steel market, the circumstance in the Turkish steel market as well as the assumptions for the future.Stating that the failure to manage rising cost of living and also the ongoing rise in power rates because of the war between Russia and Ukraine have led to a contraction in intake, Erhan Özdemir said that falling consumption, the slower-than anticipated recovery in the automobile sector, the zero-Covid policy in China and also the slowdown of the economy have actually added to the fall in steel costs. Noting that the steel market is affected by the existing uncertainties and also altering problems, Mr. Özdemir specified that the Turkish steel industry likewise deals with the trend of regionalization. Pointing out that the EU included Vietnam in the various other countries' quota for HDG, that includes Turkey, Mr. Özdemir stated that Turkey will have to take on Vietnam, which exports HDG in high tonnages to the EU, though Turkey will certainly have a logistical advantage.In enhancement, stating that the EU will apply antidumping duty within the series of 2-11 percent for HDG imported from Turkey, th eYıldız Demir Çelik replacement general supervisor added that the antidumping examination launched by Turkey versus HRC from the EU will certainly finish inchilly rolled steel rates 2020 June, which Turkey will apply an antidumping responsibility on HRC from the EU.Besides the EU guard actions and also the US Area 232 procedures, remembering that Russia and Ukraine enforced export obligation on scrap, Özdemir mentioned that, as the value of scrap boosts, brand-new duties will certainly be presented, which the EU is working with a carbon responsibility to be related to imported items within the structure of its zero-carbon targets. He claimed that, considering that 70 percent of steel manufacturing in Turkey is based upon electrical arc heaters, the nation will be successful in the decarbonization fad, however that it will remain to encounter problems in the coming duration because of efforts such as protect meadx51d z150 galvanized steel coil pricesures.Stating that the Turkish steel industry is doing well despite the trend of regionalization, Özdemir said that Turkey's steel manufacturing in 2021 went beyond 40 million mt, while he anticipates the nation's steel manufacturing to boost to 50 million mt in the coming years thanks to the growth of the domestic production market as well as the boost in steel demand. He added that he thought that, regardless of the fad of regionalization, Turkey will certainly remain to have an excellent position in the worldwide steel market.

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