In the new year, steel production in Turkey will exceed 36 million tons - Tcud

In 2014, the production of steel in Turkey will exceed 36 million tons against 35.2 million tons expected until the end of this year. This was stated by the General Secretary of the Turkish Association of Enterprises of ferrous metallurgy (TCUD) by a biseral Jaan.

According to the results of this year, it is expected that the share of varietal rental in the structure of the production of Turkish metal rolling will be at least 72.9 percent, while in flat rental it will not exceed 27.1 percent.

According to Visel Yaan, steel production in 2013 will grow amid an increase in the import of semi -finished products. At the same time, the visible consumption of metal products according to TCUD forecasts will grow by 8 percent in 2013 and will reach 30.7 million tons (430 kg per capita).

The growth of steel consumption in Turkey will support the growth of imports, which, according to the most modest calculations, will be more than 28 percent this year by amounting to 11 million 100 thousand tons. At the same time, the exports of steel from Turkey will be reduced in 2013 by 5.2 percent to 14 million 400 thousand tons.

The accession of Turkey to the free trade zone with the EU this year led to a trade deficit of $ 2.4 billion. The Association with the European Union, as well as the US protectionist policy led to losses in the steel industry in Turkey, said the head of TCUD.