Foest Tosyali, the chairman of the Tosyalı Holding, warned that the steel industry of Turkey is under threat of irreparable damage due to a burst of dumping imports from China, according to the message in the Turkish daily newspaper Dünya. improve investments, but also protect the existing ones, ”said Mr. Tosyaly, emphasizing that the Turkish steel sector will collapse without urgent protective measures.
Steel as a strategic sector
Tosyaly emphasized the strategic role in the national economies, calling it the "barometer" of economic power. He emphasized that the strong domestic steel industry reduces dependence on imports, while ensuring the continuity of strategic production.
other countries, such as the United States, introduce high tariffs and strict EU quotas to protect their industries. He warned that China, blocked by the restrictions of the United States and the EU, redirects exports to Turkey, increasing pressure on local manufacturers.
trade deficiency and lack of incentives
Turkish trade deficit with China has exceeded $ 50 billion over the past six to seven months:
- The import of steel is a significant part of this gap. Steel workers work without incentives or subsidies limited by the agreement of the European association of coal and steel (EOUS). "Turkish manufacturers began so far exclusively on their own
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