17/06/14 – Turkish scrap demand expected to grow
It is expected that Turkey’s steel output will increase to 11 million tonnes and the demand of scrap will increase to 8.3 million tonnes by 2025.
Meanwhile, most of Turkey’s sources of scrap supply will come from the domestic market of auto industry but the country will still continue to rely on importing scrap.
The US and Europe are main importers of scrap for Turkey. Analysts said that Turkey will increase domestic demand because the construction industry is a major area in the business.
In addition, Turkey’s steel producers would also gain market share in the Middle East region.
Source – YIEH Corp.