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Turkey to become net steel exporter
Turkish steel exports are expected to soon be higher than imports, Turkish steel producers association TCUD general manager Veysel Yayan said yesterday at an industry event. But market participants on the sidelines of the event viewed this as unlikely in the near future. Flat steel imports' share of total consumption has declined to 42pc from 49pc last year and is forecasted to drop further next year, owing to import trade measures. Imports in the first 10 months fell by 7.2pc to 13.7mn t. Despite the continuing decrease in imports, Turkish production levels are not sufficient enough to cover local consumption. ... (full story)