Halil Sahin, the newly elected president of the high advisory council of the Turkish Iron and Steel Producers Association and also board chairman of Turkish long steel producer Izmir Demir Celik San. A.S. (IDC), has said that beginning from March this year a revival in steel prices has started to be seen in line with rising prices for raw materials such as scrap and iron ore.
Commenting on the actual and future outlook of the Turkish steel industry, Mr. Sahin said, "The positive conditions are also seen in Turkey's steel exports. Export revenues which trended around $800 million for a long time exceeded the $1 billion mark in March. Despite ongoing fluctuations and uncertainties, for the coming months there are several signs of a revival in global steel consumption and of sustainable local demand. While risk factors still disturb the steel industry, we know well by our experiences that our sector is open to cyclical fluctuations by its nature and that it is impossible to eliminate all the risks."
"Despite all the uncertainties and delays in implementation of measures to eliminate burdens that affect our competitiveness, we are optimistic about the future," he concluded.