On Tuesday, September 16, the Steelorbis market Negotiation meeting, held at the Wellborn Luxury Hotel in Kokali with over 600 participants and sponsored by Turkish steel producer Yıldız Demir çelik, addressed critical topics such as the impact of high interest rates on trade and investment created by global transshipment, protective measures and built-in according to the tour - processing. The group has reached a consensus that 2025 will be a difficult year, but recovery is likely in 2026. Yıldız director Demir çelik stated that Turkey's steel consumption is expected to decrease by 1.7 percent this year, but exports are projected to increase by 23.5 percent during the same period.
high percentages are expected in the sector
. In the first part, moderate throughout, the steel. Yildiz Demir Celica Sales Manager Hakan Bozoglu explained that rising interest rates in Europe and the United States have increased credit costs, making it more difficult for consumers to buy steel products such as homes, cars, or home appliances. In Turkey, he added, high inflation and currency pressures are already straining manufacturers, and rising interest rates have further slowed industrial investment.
Parladi Bahar, a member of the Metals committee, said that high interest rates make inventory management in steel centers particularly difficult, adding that "inventory does not generate more profit; instead, it increases the financing of Bruden." Kalibra Boru, Chief Financial Officer of Zeynep Annak, stressed that banks are becoming more selective in lending, giving companies with a stronger balance sheet an advantage, while weaker ones are trying to survive.
Ont çelik Ticaret A.ş. Managing Partner of Orçun Günay stated that financing costs have reached extraordinary levels within the total cost of clients, which makes trading unstable. However, he stressed that medium-term interest rate cuts are expected to lead to renewed activity in the market.
Global capacity expansion continues
The second part of the panel focused on global redundancy. Bahar Parladı highlighted forecasts suggesting that global overcapacity will reach 277 million tons by 2027, adding that turkey increased production in 2024 despite reduced consumption.
Zeynep Annak emphasized that the excess is not only approximately per tonnage, but also directly related to costs. According to her, while at first glance, the oversupply appears to be beneficial for buyers, Turkey's higher energy, labor and logistics costs compared to many competing countries are squeezing
