Hurriyet Daily News reported that Turkey’s increasing steel exports to Arab countries, accounting for 40% of the domestic consumption, have begun to worry the Arab Iron and Steel Union, which is now requesting urgent protectionist measures.
AISU said that Turkish steel exports topped USD 1.8 billion during the first half of 2010
Muhammad Laid Lachgar secretary general of AISU said that rebar exports from Turkey have particularly caused great harm to Arab producers
He said “Turkey, which exported 2.9 million tonnes of steel during the first quarter of 2008, increased this figure to 4.2 million tonnes this year.”
The Turkish Iron and Steel Producers Association, or DÇÜD, said the protectionist call from the Arab union is “irrational.”
Speaking to business daily Referans, DÇÜD Secretary General Mr Veysel Yayan said “On the one hand, Turkey signs free trade agreements with some countries and lifts visa requirements mutually. On the other, irrational demands are appearing from some countries. Turkey’s imports have also increased by 23%, but we do not introduce such protective measures.”
Mr Yayan said that Turkey’s steel exports to the Middle East and the Gulf Cooperation Council member countries increased by 7.5% YoY in the first half of the year. He added that “Turkey’s steel exports to North Africa have dropped by 52% YoY and in 2009, overall exports experienced a 33% decline.”
Noting that Turkey’s steel imports are also on the rise, Mr Yayan said, “During the first five months of this year, steel imports have increased by 24.5%, compared with the same period last year, while steel exports dropped by 15%.”
(Sourced from hurriyetdailynews.com)
Wednesday, July 28, 2010
Arab association wants measures against Turkish rebars
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