Turkey steel market is anticipated to grow at a steady CAGR during the forecast period, 2023-2027. The rise in the investments by the leading authorities for the development of the infrastructure sector of the country and supportive government policies are the primary factors driving the growth of the Turkey steel market. Also, the technological advancements in steel production and processing process and high-end investments by the market players are expected to further support the Turkey steel market growth in the forecast period.

Flourishing Steel Industry Drives the Market Growth

Turkey is among the top leading players in steel production and exportation across the globe. It boasts of producing quality products and invests significant amounts in expanding flat products production capacity and developing novel technology. Turkey's unique geographical location has a long Mediterranean coastline to serve European steel markets more efficiently and quickly. Turkey accounts for 24 electric arc furnace mills and two induction furnaces with a capacity ranging between 200,000 to 5 million tonnes and 3 BOF plants. All the steel companies in Turkey are privately owned, and the market players are making continuous efforts for technological advancements to stay ahead in the market at the country and global level. The iron & steel industry is the third-largest contributor to the Turkish economy and has become one of the most developed sectors in Turkey. Also, the market players are working on increasing their steel production capacity. They have started several projects in the flat products segment and are introducing new production facilities and modernizing the existing facilities. The continuous efforts by the market players and the use of advanced technologies in the production process are expected to accelerate the Turkey steel market growth over the forecast period.

Strong Economic Position of Turkey Supports the High Market Demand

According to the data generated by World Steel Association, Turkey churned out 40.4 million tons of crude steel, which increased the percent up to 12.7% by 2020. Market players are working to fuel their production and export to record levels in 2021, and further increase their production capacity in the coming years. The dramatic devaluation of the lira has increased the cost of raw materials. It pressured the small steel producers to deal in domestic markets, while for the medium and large exporters who exported the steel, it proved as a boon. Also, the sudden increase in transportation costs has made the steel buyers look for near home and convenient places, thereby bolstering the demand for Turkey steel industry in the nearby countries over the forecast period. The Turkish government has signed custom union agreements with the European Union and free trade agreements with more than twenty countries, including Malaysia, Singapore, Israel, the United Kingdom, and Egypt. Turkey is also planning to use relatively low carbon intensity steel to meet the demands of the companies that aim to achieve net-zero emissions. Therefore, the rise in the efforts by the leading authorities to support the steel industry and the strong economic position of Turkey is expected to propel the growth of Turkey steel market in the next five years.


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Market Segmentation

Turkey steel market is segmented into type, product, application, regional distribution, and company. Based on type, the market is divided into flat and long. Based on product, the market is divided into structural steel and prestressing steel. Based on application, the market is divided into building & construction, automotive, electrical appliance, and others. Turkey steel market is studied in major regions namely Marmara, Central Anatolia, Aegean, Mediterranean, Black Sea, South-Eastern Anatolia, and Eastern Anatolia.

Market Players

Erdemir Group, Habas, Icdas, Diler Group, Colakoglu Metalurji, ArcelorMittal, POSCO, NSSMC Group, HBIS Group, Nucor Corporation, are the major market players operating in the Turkey steel market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Product

·         Application

Regional scope

Marmara , Central Anatolia, Aegean, Mediterranean, Black Sea, South-Eastern Anatolia, Eastern Anatolia

Key companies profiled

Erdemir Group, Habas, Icdas, Diler Group, Colakoglu Metalurji, ArcelorMittal, POSCO, NSSMC Group, HBIS Group, Nucor Corporation

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Turkey steel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Turkey Steel Market, By Type:
    • Flat
    • Long
  • Turkey Steel Market, By Product:
    • Structural Steel
    • Prestressing Steel
  • Turkey Steel Market, By Application:
    • Building & Construction
    • Automotive
    • Electrical Appliance
    • Others
  • Turkey Steel Market, By Region:
    • Marmara
    • Central Anatolia
    • Aegean
    • Mediterranean
    • Black Sea Region
    • South-Eastern Anatolia
    • Eastern Anatolia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Turkey steel market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Turkey steel market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Turkey Steel Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Key Supplier Selection Parameter

5.3.  Customer Satisfaction

5.4.  Major Challenges Faced

6.    Turkey Steel Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Flat and Long)

6.2.2.     By Product (Structural Steel, Prestressing Steel)

6.2.3.     By Application (Building & Construction, Automotive, Electrical Appliance, Others)

6.2.4.     By Region

6.2.5.     By Company

6.3.  Market Map

7.    Turkey Flat Steel Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product

7.2.2.     By Application

7.2.3.     By Region

8.    Turkey Long Steel Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product

8.2.2.     By Application

8.2.3.     By Region

9.    Market Dynamics

9.1.     Drivers

9.2.     Challenges

10.  Market Trends & Developments

11.  Policy & Regulator Landscape

12.  Turkey Economic Profile

13.  Company Profiles

13.1.  Erdemir Group

13.2.  Habas

13.3.  Icdas

13.4.  Diler Group

13.5.  Colakoglu Metalurji

13.6.  ArcelorMittal

13.7.  POSCO

13.8.  NSSMC Group

13.9.  HBIS Group

13.10.            Nucor Corporation

 14. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]