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18 Feb
15:19

Imports take significant Turkish consumption growth share: TCUD

Steel consumption is increasing in Turkey, but local steelmakers are not benefiting as a large portion of demand is met by imports, according to Turkish Steel Producers’ Association (TCUD) general secretary Veysel Yayan. Yayan states that although there was a 66% on-year increase in steel consumption in December 2019, finished steel production rose only 10%, with the difference met by imports. Pointing out the 50% excess capacity in Turkish flat steel produ…
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