Baosheng Precision Tube Co.,Ltd
Changzhou Grand Import & Export Co.,Ltd
Istanbul Exhibition Center Hall 10E2-20
Turkish Steel Industrial INDUSTRY
Today Turkey has 24 electric arc furnace mill plants (EAF), 7 induction furnice plants and its 3 BOF plants.
In 2019, global output increased to 1.9 billion tons, up by 3.4% on 2018. Turkey’s output was 33.7 million tons with a decrease of 9.6% in 2019.
In 1996, The European Coal and Steel Community (ECSC) agreement signed between the EU and Turkey. With signing the agreement, customs duties on bilateral steel trade were abolished. The agreement allows Turkey to trade its iron and steel products without customs duty with all EU member states. Additionally, the Government does not subsidize Turkish domestic steel industry due to the European Coal and Steel Community (ECSC) agreement.
All steel companies in the country are privately held, and Turkish Steel Industrialmakers continue to pursue technological developments to enhance the long-term viability of the industry in the global marketplace. The steel industry has become one of the most developed sectors in Turkey and today counts as the fourth largest contributor to the Turkish economy.