Forecast: manufacture of basic iron, steel, ferro-alloys revenue in Turkey 2013-2022| ��ƽ��

Manufacture of basic iron, steel, ferro-alloys revenue in Turkey from 2013 to 2022 (in billion U.S. dollars)

Characteristic	Revenue in billion U.S. dollars
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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

The industry classification is based on the NACE Rev. 2 - system in Turkey. The industry “manufacture of basic iron and steel and of ferro-alloys “ has the code “C2410“.

Details on the methodology can be found here.

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Technological innovations, use of state-of-the-art production methods, a flourishing construction sector and a favorable manufacturing climate are some of the factors that have contributed to the growth of the Turkish basic iron, steel and ferro-alloys manufacturing industry. It was valued at ** billion U.S. dollars in 2013 and is projected to grow to ** billion U.S. dollars by 2022. Iskenderun Demir ve Celik A.Ş.is one the leading players in this sector, having garnered revenues of over **** billion Turkish lira in 2017.

Leading worldwide exporter of steel

Over time, the iron and steel industry has become one of the most developed sectors in the country and is the fourth largest contributor to the Turkish economy, according to the Turkish Steel Exporters association. Moreover, Turkey is one of the leading exporters of steel, with over ** million metric tons exported to countries across the globe in 2018.

Tata Steel turns to Turkey amid Covid-19 outbreak

Tata Steel, one of the global leaders in steel production, is reducing its dependence on China for steel imports, having already announced its intentions to tap into the Turkish market, owing to Covid-19 outbreak that has disrupted its supply-chain. This is expected to further boost the country’s revenues in the short to medium, which have been a bit sluggish off-late, as exports fell ** percent year-over-year for the first quarter of 2020.