According to the Secretary General of the Turkish Iron and Steel Producers Association Dr. Veysel Yayan, Turkish steel sector growth, planned at the level of 10-15 percent a year, will mainly depend on the country's
scrap imports. Dr. Yayan added that in the course of the last two years, the primary cost of steel
production in
Turkey had doubled due to increasing
scrap prices.
According to the association's data, so far in 2006
Turkey imported 14 million metric tons of
scrap, including 3.9 million metric tons from
Russia and 3.5 million metric tons from
Europe. These figures indicate that the Turkish steel producers are decreasing their
scrap imports from
Russia while, at the same time, increasing
scrap deliveries from
Europe.
According to the same data, in 2006, steel
production in
Turkey increased by 79 percent - including an 89 percent increase in long products output - as compared to 2001.