Iron, Steel and Metal

In order for the main metal industry, especially iron and steel, to reveal new markets and products within the framework of developments in the world, and to become one of the technology leaders in the world, our company focuses on sectoral studies that take the pulse of the sector.

The iron and steel industry, with a total size of approximately 2.5 trillion dollars, constitutes approximately 3.8% of the world economy and directly creates employment for more than 6 million people. China, USA, Japan, India and Russia stand out as the main producers in world iron and steel production. According to the World Steel Association (WSA) data in 2019, 1.870 million tons of iron and steel were produced in the world. According to WSA data, after four consecutive years of growth and a record high production of 1.870 million tons in 2019, the first nine months of 2020 decreased by 3.1% to 1.349 million tons.

Turkey is an important iron and steel producer, ranking 2nd in Europe and 7th in the world in terms of production in 2019. The Turkish steel industry is one of our strategically important sectors in terms of its high export amount, direct and indirect contribution to employment and providing raw materials to other industrial branches.