China which is one of the largest consumers of all kinds of metals in the world is not the biggest scrap importer in the world. Turkey is the largest scrap metal importer in the world.
US, Germany, Britain, Russia etc are sending the biggest volumes of their recycled scrap metals to Turkey.
After Turkey, South Korea is the second largest scrap metal importer in the world.
India is the third largest scrap metal importer in the world.
According to report 30 percent of US scrap exports went to Turkey, while Britain sent 32 percent, Russia 47 percent, Netherlands 30 percent, Belgium 37 percent and Germany 7 percent of exports to Turkey.
Tosyalı is investing about USD 3.5 billion in mills and power plants as it expands in Algeria.
Bloomberg reported that Tosyali Holding AS, a Turkish steelmaker, is investing about USD 3.5 billion in mills and power plants as it expands in Algeria and adds a specialized steel plant with Toyo Kohan Company for food packaging in Turkey.
Mr Fuat Tosyali chairman of Tosyali Holding said that “The company is investing USD 1.3 billion to expand capacity at an ore to steel plant in Algeria. The steelmaker also plans USD 1.7 billion, 1,300 MW power plant that will burn imported coal in Iskenderun, on the eastern Mediterranean coast of Turkey and where Tosyali is based.”
Mr Tosyali said that “The company’s joint venture with Toyo Kohan is investing USD 425 million in the packaging steel plant in Osmaniye, in the south of the country. We want to grow in Turkey but also benefit from the growth of other countries. Most of those investments are planned for 2015.”
He said that “Acquisitions at home and abroad are also on our agenda, but not that urgently. The company doesn’t plan any initial public offering of the holding or its units in the short or medium term.”
Source – Bloomberg
Turkish steel sector January-July of 2014
Turkish steel sector export during the period of January-July of 2014 is 8.07 billion dollars in value and 10.6 million tons in amount basis.
When you compare with last year,%5,1 decrease in value and %6,7 decrease in terms of value (tons).
Turkey’s exports to Iraq declined by 30 percent in July and this will effect the yearly export target.