Discussing the expectations for 2019, Turkish Steel Exporters’ Association (CIB) president Adnan Aslan has said that the Turkish steel industry has the advantage of its export and market knowledge besides its productivity.
Regarding the EU quotas, the CIB president emphasized that Turkey's quota for concrete reinforcing steel and wire rod which is valid until July will be exhausted by March. He went on to state that, as a result, even if Turkey may have the opportunity to use quotas not used up by other countries after May, this will not compensate for the Turkish industry's losses.
Mr. Aslan stated that reaching out to new markets, especially Southeast Asia, West Africa and Latin America, will be the main goal of Turkish exporters in 2019. Regarding the US’ doubling of tariffs on steel imports from Turkey to the level of 50 percent, Aslan underlined the difficulty of exporting in these circumstances, while voicing the Turkish industry’s hopes for the elimination of the tariffs.
On the other hand, he stressed the threat posed by China to the global steel industry, claiming that the country may focus heavily on exports in the face of overproduction. Furthermore, China has become a main competitor for Turkish exporters in the Far East, together with India, Qatar and Saudi Arabia, he noted.
The CIB president also stated that the recent flood of steel to Turkey from Iran created a quality problem, specifically in steel products used in construction. One in three trucks transporting steel from Iran to Turkey fails quality tests and returns home without being unloaded, Aslan said.