Turkey occupies the first place globally in the ratio of increase in steel production

Turkey ranked first in the world with the highest increase in iron and steel production during the period between January January and July July. According to a statement issued by the Turkish Steel Producers ' union, the country has raised its iron and steel output by 13.6 percent in the first seven months of 2017 compared to the same period last year, according to the Turkish press. The growth rate in Turkey is the highest in the world and the production volume between January and July was 21.6 million tonnes, the statement said. According to data from 2017, Turkey's iron and steel exports to European countries increased from January January to July July July July 79 per cent, valued at 3 million and 300,000 tons, while exports to Middle Eastern countries were 2 and 000 400 tons, North African countries 799 , 000 tons. The same data indicated that Turkish iron and steel exports to the Far East markets maintained good performance and continued to rise, exports to Singapore, Hong Kong and Malaysia during the first seven months rose 591 percent to 785 tons. The data indicated that during the first seven months of this year, the importers of Turkish iron and Steel were headed by Canada, Italy, Singapore, Spain and the United Kingdom. Turkish exports are increasing despite strong competition from Chinese exporters in traditional markets like East East Middle East and the low volume of purchases in Middle Eastern countries such as Iraq, Libya, Egypt and Yemen as a result of political and economic turmoil. China is one of the main countries in steel exports with a surplus of 300 million tonnes. In the first context, a statement by the Turkish Steel Producers ' union recently concluded that crude steel production in Turkey recorded an increase of 27.8 per cent within last July July compared to the same period last year, while the manufactured steel and production reached 19.9 million tonnes; between January and July u For the past U the Turkish exports of iron and crude steel totaled 2017 10 million and 900,000 tonnes, with exports worth 6 billion and 600 million US dollars, according to the statement. By adding iron and steel manufactured to Turkish exports in the same period, the volume will rise to 11 million and 300,000 tons, and the value of iron and steel exports rises to 7 billion and 800 million US dollars, the statement added. Source: New Gulf + Press release

 

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The value of Turkish steel exports increased during the year 2017

The Turkish steel industry has been able to increase the volume and value of its exports in the first nine months of the year 2017, according to an official of the Turkish Steel Exporters Association (ÇIB) on Wednesday

Turkey's exports totaled 13.10 million tons of steel products from January January to September September, registering an increase of 7 percent on an annual basis, the official said.

At the same level, the total value of these exports recorded a rise of 23.40 per cent on an annual basis to $8.20 billion.

Turkish steel exporters said Turkey had the first place in the world by registering the highest increase in iron and steel production during the last six months of this year.

On the other hand, Singapore, Italy, Spain, Hong Kong and Canada have topped the most importing steel countries from Turkey.

In the first months of this year, Turkey exported steel to Singapore, Hong Kong and Canada, along with hot-rolled rolls to Italy and Spain.

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EU imposes dumping duties on steel imports from 4 countries including Iran and Russia

The European Union (EU) has decided to levy import tariffs on hot steel from Iran, Russia, Brazil and Ukraine, following a complaint lodged by manufacturers in the Federation of that Steel used in the construction and equipment industry are sold at an exaggerated price.

According to the Official Gazette of the European Union (EU), the Federation will impose dumping fees ranging from 17.6 to 96.5 euros (20.6-112.8 dollars) per tonne starting on Saturday.

The European Commission initially proposed a minimum price, at 472.27 euros per tonne, to avoid fees but modified its proposal after it failed to obtain the support of EU Member States.

Reuters

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World's production of raw steel during the month of October

According to preliminary data released by the International Steel Federation, World production (66 countries) of crude steel during last October reached 145.3 million tons 5.9% more than the same month's production from 2016, with a production efficiency of 73.0% of the available capacity, up 3.0% more than the production efficiency of October 2016 and Bits See 0.6% for September 2017.

China's production of the world's largest steel producer last October reached 72.4 million tons, up 6.1 percent from the same month's production in 2016 and in Japan's second largest steel producer 9.0 million tons, down-1.0 percent from last year's production of the same month, then India, producing 8.6 million tons 5.3% more than the October 2016 production.

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Turkey imposes dumping fees between 16.9 and 22.6% on Chinese steel imports

Turkey has imposed dumping duties on China's flat-rolled steel imports at levels between 16.9 percent and 22.6 percent, according to the official Turkish newspaper on Wednesday.

According to the Official Gazette, the fees are levied at a level of 16.89 percent on Jiangyin Xing Qing's specialty steel industry, and at 22.55 percent on other companies.

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Increase in iron ore prices supported by increased demand after import restrictions

Iron ore prices have risen as a result of China's restrictions on imports of high-quality and less polluting materials, which have supported demand as part of China's environmental clean-up efforts, which allowed the factories to achieve maximum steel production. During the daily circulation, future iron prices on the Dalian commodities exchange rose 5.5 percent, and were higher during the month, while the immediate price of iron ore rose by 3.1 percent last week, to a price of 71-50 dollars. November November, although China has sought to reduce pollution by cutting steel supplies this winter, which has affected the total consumption of crude iron, it only supports the demand for higher quality materials due to its efficiency in use, with expectations of increased demand for iron ore in the year Next, where high profits encourage steel factories to increase production. Numbers

 

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The managing director of the Metal Springs receives the Egyptian iron and steel factory.

Medhat Nafee, managing director of the minerals holding company, inspected on Tuesday the factory of the iron and Steel Company, a public commercial company. A "wholesome" tour of the company included a tour of the Al-Tel ovens, rotary machines, tanks, power plants, tin, pallets and railway products. During his tour, Nafee met with the company's workers, President and administrative staff. Last month, the Iron and steel Company completed the feasibility study of "technical, financial and marketing" of the company's development plan prepared by the language English for the company to rehabilitate and develop the old factory to reach the production capacity of 1.2 million tons per year and create a new factory productivity card up to 750,000 tonnes/year. The technical study of nine technical performances from 10 international companies will be completed within two weeks, said the company. The holding company for Metal Industries has received bids from nine international companies to participate in the repair and development of production lines in the state iron and steel Company. The company announced that the technical envelopes had opened the tender, with the technical committee formed for that purpose studying the and technically evaluate presentations, in preparation for the financial assessment of technically acceptable offers, in accordance with established procedures. The statement of terms, project financing, requires "in the form of a concessional loan and an acceptable grace period"--according to the company in its previous report.

 

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