Turkiye Steel Industry Will End 2022 With A Drop in Production By More Than 13%
The main reasons for the decline in steel production are low demand and high energy costs. “2022 started with high hopes after the 13% increase in steel production in Turkiye in 2021. We had no reason not to expect more than 10% output growth this year. Consumption at the beginning of the year was brisk, the country’s production capacity was adequate, and market conditions were positive until February, when Russia invaded Ukraine. Now the market has changed and it is difficult to guess when the war will end,” he said. In November 2022, Turkiye became the country with one of...
