Turkey Metals Report 2016 - Business Monitor International - Industry Reports

Turkey Metals Report 2016

Turkey Metals Report 2016 - Business Monitor International - Industry Reports
Turkey Metals Report 2016
Published Oct 24, 2015
30 pages — Published Oct 24, 2015
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Abstract:

BMI View: While we are forecasting Turkish steel production to begin growing again in ----, we expect that Turkish steel mills will continue to suffer price pressures both domestically and on the international market. Exporters in particular will face continued challenges through the coming months, however, growth in domestic steel consumption will allow output levels to recovery gradually over our forecast period through to ----. ...BMI View: While we are forecasting Turkish steel production to begin growing again in ----, we expect that Turkish steel mills will continue to suffer price pressures both domestically and on the international market. Exporters in particular will face continued challenges through the coming months, however, growth in domestic steel consumption will allow output levels to recovery gradually over our forecast period through to ----. We expect Turkish steel output to have contracted over ---- as producers encountered the challenge of slowing exports and an oversupplied global steel market. ...We forecast Turkish steel production to contract by -.- y-o-y during ---- to --.--mnt. From a low base, we expect output growth to recover in ----, growing by -.- .

...< ALACRA META ABSTRACT>BMI View: As one of Europe s largest steel industries, Turkey has borne the brunt of the current steel oversupply on the international market and continued drop in prices. Steel exports faced particular challenges over ---- as they have come up against rising competition from Chinese supplier. ...Though remaining among the leading centres for steel production in Europe, Turkey s steel makers will continue to face ongoing challenges over the coming months as narrowing export opportunities and increased competition from overseas producers weigh on crude steel prices and output. We expect Turkey s total crude steel production to have fallen by -.- year-on-year (y-o-y) during ----, with the decline resulting to a large extent from a much harsher environment for exports, many of whom have traditionally relied on steady demand from European and the US as well as the CIS region. Like other steel makers in Europe, Turkish mills have found themselves affected by the current glut in Chinese production. Chinese crude steel exports grew by --.- y-o-y during the first eight months of ----, while Turkish shipments contracted by -.- over the equivalent period. Falling sales volumes have been reflected in the financial results of Turkish steel makers, with one of the country s two lead producers, Kardemir, reporting a -- dip in sales in ----

...� Business Monitor International Ltd Page - usage rising by -.- in ----. Consumption growth will average - a year over ---------, rising from --.--mnt this year to --.--mnt by the end of the period The automotive sector will remain an important driver of steel demand and we are looking for a resurgence in Turkish autos production on the back of relatively strong export growth and domestic sales. ...

  
Source:
Document ID
2040-6851
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Turkey Metals Report 2016" Oct 24, 2015. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Turkey-Metals-Report-2016-2026-997>
  
APA:
Business Monitor International - Industry Reports. (2015). Turkey Metals Report 2016 Oct 24, 2015. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Turkey-Metals-Report-2016-2026-997>
  
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