Speaking at the Eurometal Steel Day & 11th YISAD Flat Steel Conference, held at Istanbul Marriott Hotel Asia on Tuesday, March 24, in collaboration with SteelOrbis, Tolga Yalgi, CEO of Turkish steel manufacturer Tatmetal, spoke about developments in the global market and investments of Tatmetal.
Stating Noting that the balances established after World War II have changed, giving rise to a new geopolitical and economic order, Mr. Yalgi noted that in this new system, a model has emerged in which the market is managed by governments instead of the dynamics of a free market, and strategic sectors are protected. Stressing that this transformation has fundamentally changed the rules of competition, he added that competition is no longer between companies, but between the industrial policies of countries.
He noted that the United States is pursuing a strong policy of reindustrialization aimed at returning production to its borders, supported by trade policies aimed at reducing dependence in critical sectors. Noting that China's approximately 30 percent share in global production significantly affects market balances, Mr. Yalgi noted that China's high capacity creates structural pressure not only through price competition, but also through global oversupply. Meanwhile, the European Union is restructuring its industrial policy through mechanisms such as carbon regulation, an emissions trading system, and a Carbon Boundary Adjustment Mechanism. According to Yalga,
