Crude steel production in Turkey soared 13.1% in 2017, the World Steel Association (WSA) said on February 2. That compared to a rise in global production of only 5.3%.
No other steel producing country outdid the performance of Turkey, the world’s eighth largest producer, although only two of the world’s top 20 steel-producing countries saw output contract, the WSA added.
“Market conditions are favourable,” the world’s largest steel producing company, ArcelorMittal, was quoted as saying by Reuters, adding that “the demand environment remains positive... and steel spreads remain healthy.”
Analysts expect more strong steel growth this year driven by the global manufacturing economy and a big fall in exports from China, the world’s largest steel producer.
A threat on the horizon is a possible decision ahead from US President Donald Trump that steel imports threaten the national security of the US.
Related Articles
Despite local elections defeat Erdogan “remains in control” at head of “super-executive regime”, says analyst
Despite his AKP party’s defeat in the weekend’s local elections, Turkish President ... more
Turkish footwear manufacturers step up investments in Uzbekistan’s leather and footwear industries
Turkish footwear manufacturers are stepping up their investments in Uzbekistan’s leather and footwear industries, according to local reports. A $1mn investment in the manufacture of leather, ... more
Shipping companies latest to feel effects of “West’s very tight blockade against Turkey’s banking system", says report
Shipping companies are the latest to feel the effects of “the West’s very tight blockade against the Turkish banking system”, according to a report by Turkish publication Ekonomim. In ... more
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
1 day ago
-
AI and cybersecurity to drive CEE tech sector
18 hours ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
18 hours ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
1 day ago
-
Russia’s $13.4bn current account surplus in March second highest since 2007
1 day ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
8 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
6 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
19 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
23 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
28 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
21 days ago