The company intends to continue investing in the decarbonization of capacitiesTurkish steelmaker Tosçelik, a subsidiary of Tosyali Holding, plans to expand its presence in the global clean steel market. In 2023, steel exports from the country decreased by 30.6% y/y to 10.5 million tons. In 2022, steel exports from Türkiye decreased by 23.5% y/y to 15.1 million tons. Analysts expect an improvement in the Turkish steel market this year, driven by global growth in steel demand, lower interest rates globally, etc. In its report for October 2023, the Worldsteel Association forecasts a 5% increase in steel consumption in Türkiye in 2024 – to 40.6 million tons.

Source: The North Africa Journal March 12, 2024 09:12 UTC