Platts.com are reporting that the Turkish steel industry is set to see an increase in production between now and 2015. According to Colakogulu Metalurji’s CEO Ugur Dalbeler Turkey’s electric arc furnaces are now diversifying from their main productions of reinforcing bar, wire rod and billet products into other areas of steel production.
He believes that Turkey’s hot metal production will grow year on year by 6.7% over the next four years, reaching 51.2 million mt/year by 2013.
Much of the growth will serve flat-rolled steel, which will see production increases of 43% to 19.2 million mt by 2014 from 13.4 million mt in 2010.