Metals: Turkey steel production and demands remains high in 2011.
Metals: Turkey steel production and demands remains high in 2011.
Russian steelmaker Magnitogorsk and Turkish steelmaker Atakas Group plant to reach full rolled steel capacity of 2.5 million tons in 2012 .
Russian steelmaker Magnitogorsk and Turkish steelmaker Atakas Group plans to have $2.5 billion in sales in 2012 .
The Magnitogorsk and Atakas companies started producing hot rolled coils at the $2.1 billion plant near Iskenderun in southern Turkey on May 2011 .
Turkey ranked as the 10Th biggest steel producer in the world in 2010. In the first quarter of 2011, Turkey produced 7.9 million tons of steel to an annual increase of 31 percent.
Turkey’s melting production capacity reached 42.7 million tonnes in 2010 from 19.8 million tonnes in 2000, up by 115 %.
Capacity increase on a year on year basis was around 12 % in 2010. Ongoing investments will bring Turkey’s melting capacity to 45.5 million tons at the end of 2011.
The Iron, chrome ore, ferrochrome and steel industry is the third largest exporting sector in the Turkish economy and one of the major driving forces for Turkey’s export capacity.
Turkey is one of the biggest exporters of steel products and the world’s leading exporter of Rebar.
In 2010 Turkey exported $12.2 billion dollars steel products.
The Middle East , European Union and US is Turkey’s most important steel export destination.
Demand for steel products in industrial sectors , construction, automotive, mechanical engineering, white goods is growing in Turkey.
Albanian_Minerals is increasing production row materials for steel to supply growing demand from Chinese and Turkish companies for chrome ore and Iron ore.
prices of iron ore and chrome ore are expected to rise
.http://www.prlog.org/11485027-metals-turkeys-steel-production-and-demands-remains-high-in-2011.html
Sahit_Muja
Albanian_Minerals
New York
via WSJ: Metals: Turkey steel production and demands remains high in 2011..
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