We talked to Zafer Atabey, chairman of executive board of Borusan Boru about 2025 review.
2025 was a challenging year for the steel sector and global markets. Geopolitical tensions, fluctuations in tariffs and trade policies, transformations in supply chains and cost pressures caused by high inflation directly affected the business environment throughout the year. From a regional dynamics perspective, we saw a more protectionist trade approach emerge in some markets. On the other hand, these challenging conditions also brought about a period of increased focus on flexibility, resilience, financial discipline, operational efficiency and system building across the sector.
From Borusan Pipe's perspective, we managed this process by balancing our activities across different geographies and leveraging the advantages of our diversified business model. Our existing local production infrastructure in the US and our strong position in this market served as an important counterbalance to global fluctuations. While maintaining our focus on transitioning to a more stable and efficient business structure that will support long-term competitiveness in Turkey, we also maintained an operational balance in Europe that was in line with the cyclical conditions of the sector.
Overall, 2025 was not an easy year, but Borusan Boru's global vision and strategy of being a local producer in the regions where it operates enabled us to navigate this period on a more solid footing.