PRLog (Press Release) – Apr 01, 2011 – Turkish crude steel output increased by 14.6% to 29.0mn tonnes in 2010, according to data from the World Steel Association. Despite this growth in steel output, Turkey has slipped one position to become the world's tenth largest steelmaking nation, sitting just behind Brazil. The country's crude output is set to rise by a further 19% to 34.60mn tonnes in 2011, reaching 44.93mn tonnes by 2015 as a result of new mills coming online. Indeed, recent data show that crude steel output was up 33.4% year-on-year (y-o-y) in January 2011, which suggests that steel output could surprise on the upside in 2011, given the recovery in the global economy. Expansion of flat and long steel production capacity led growth in the Turkish steel industry in 2010, with output largely devoted to consumption by domestic industries. However, the sector will require export-led growth over the medium term to justify the new plants coming online.
Moreover, Turkey's stainless steel sector could receiv trash bins e a boost, as it has been reported that POSCO may implement its US$350mn stainless steel cold rolling mill project with the partnership of Kibar Holding and Daewoo. According to Mr Ali Kibar, chairman of the Executive Board of Kibar Holding, stainless steel production in Turkey still needs to be ramped up as domestic annual consumption is almost 300,000 metres. Moreover, according to Kibar, the plant will have an annual capacity of 200,000 metres and will cost US$350mn. Its capacity will be expanded depending on future requirements. The investment will start in 2011 and will be finished in 2013.
Despite strong growth in 2010, actual capacity utilisation rates remain below pre-crisis levels. Flat steel output grew by around 40%, leading the steel industry's recovery. The proportion of crude steel capacity devoted to flat steel rose from 18% in 2009 to 24% in 2010. Growth in the industry is being spurred by growth i garbage compactor review n the domestic marke manual trash compactor t, with consumption of finished steel up by around 20% to 19.75mn tonnes. Domestic consumption of flat steel grew 60%, assisted by growth in key consuming industries such as the automotive sector. This growth rate is partly due to base effects, but also to real growth in the Turkish economy. Turkey is expected to be self-sufficient in flat steel, structural steels and specialty steels by 2015.
Production is being bolstered by the expansion of steelmaking capacities. In October 2010, Russianowned MMK Atakas commissioned a US$250mn cold rolling facility with a 1.2mn tonnes per annum (tpa) continuous pickling line, 750,000 tpa reversing mill, 450,000 tpa hot dip galvanising unit and 200,000 tpa colour coating line. By the end of 2011, the commissioned cold rolling shop is scheduled to reach its planned capacity of 750,000 tpa of ready-made metal products. In 2011, MMK Atakas will commission an electric arc furnace (EAF) with a compact strip mill at Iskenderun, and a colour coating line and continuous hot dip galvanising unit at its service centre in Istanbul. MMK became the owner of a 50% stake plus one share of MMK Atakas Metalurji Sanayi in July 2007, with the remainder owned by the Atakas Group. Construction began in March 2008, and when completed, MMK Atakas's sites in Iskenderun and Istanbul will have a total hot-rolled flat production capacity of 2.3mn tpa. Total investment is estimated at around US$1.7bn. MMK Atakas operates two service centres, also in Iskenderun and Istanbul, where coils and sheets are cut and slit.
Turkey's move towards greater self-sufficiency in flat products, with the opening of the MMK Atakas plants, will focus the industry on exports. Turkey's flat steel production in 2010 was around 12.3mn tonnes. Flat steel capacity is set to rise to 14mn tpa in 2011, though flat steel imports are forecast to rise to 6mn tonnes with anticipated domestic demand of 12mn tonnes. As such, Turkey could be facing oversupply of 8mn tonnes in 2011, requiring a significant increase in exports to ensure high operating rates.
BMI estimates that Turkey's steel exports will decline by 7.5% to 15.14mn tonnes in 2010 as more steel is used for steel-consumi Kenmore Bisque 15 inchi ng export-oriented industries. Although exports of billets and slabs are expected to rise by two thirds to 3.8mn tonnes and pipes 7.5% to 1.7mn tonnes, exports of flat products are forecast to fall 28% to 1.3mn tonnes and long steel exports 25% to 9.2mn tonnes. The Middle East remains Turkey's most important export destination, with the volume of sales to the region rising 12% in 2010. However, exports to Africa have nearly halved, while those to the EU are expected to fall 15%.
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