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Steel Industry in Turkey
Foreign Market Consulting Ltd. Sti
Istanbul
June 2014
Contents
A
B
C
D
E
Supply
Page 03
Supply vs. Demand
Page 05
Foreign Trade
Page 06
Main Companies
Page 07
Market Outlook
Page 08
© 2014 Foreign Market Consulting Ltd. Sti.
A. Supply
Crude Steel Production
•
8th largest producer in the world and the 2nd largest manufacturer in Europe in crude
steel production, in 2013. (Source: World Steel Association, 2013)
•
•
•
34.7 mn tons of crude steel production in 2013. (Source: World Steel Association, 2013)
Compound annual growth rate in production btw. 2004-2013 was 6%.
The share of flat steels in total production increased from 13% in 2006 up to 24% in
2013. (Source: Turkish Iron and Steel Association [TCUD], 2014)
mn tons
Crude Steel Production of Turkey
40,0
34,1
35,0
29,1
30,0
25,0
20,0
25,8
23,4
26,8
3,7
4,2
20,3
22,0
22,7
2006
2007
2008
3,1
25,3
34,7
8,8
8,4
27,05
26,3
2012
2013
9,7
7,3
4,8
15,0
10,0
35,9
20,5
21,8
2009
2010
24,4
5,0
0,0
Billet
Source: Turkish Iron and Steel Association [TCUD], 2014
Slab
2011
Total
3
A. Supply
Production Method
•
71% of the crude steel was manufactured in electric arc furnaces in 2013.
•
In order to meet the scrap demand of electric arc furnaces, Turkey has become the
leading scrap importer in the world.
Production Method of Crude Steel, 2013
Tons; Percentage Share
Basic Oxygen
Furnace; 9.930.758;
29%
Source: Turkish Iron and Steel Association [TCUD], 2014
Electric Arc Furnace;
24.723.306; 71%
4
B. Supply vs. Demand
Production & Consumption of Steel Products
•
•
•
31.3 mn tons of domestic consumption of steel products in 2013.
73% of the production and 53% of the consumption is composed of long products.
Production of long steel is higher than the consumption whereas the production of
flat steel is lower than the consumption volume.
mn tons
Production and Consumption of Finished Products
40,0
36,4
34,3
35,0
31,9
30,0
26,7
26,1
25,0
26,9
26,3
25,1
23,8
23,4
31,3
28,5
23,6
21,5
21,2
20,0
18,0
15,0
10,0
5,0
0,0
2006
2007
2008
2009
Production of finished goods
Source: Turkish Iron and Steel Association [TCUD], 2014
2010
2011
2012
2013
Consumption of finished goods
5
C. Foreign Trade
Exports and Imports of Steel
•
Turkey is a net exporter of steel: 19 mn tons of exports and 14.9 mn tons of imports
in 2013.
•
The Middle East, USA and EU are the main destinations of exports.
•
Russia, Ukraine and the EU are the main sources of imports.
'000 tons
Foreign Trade of Steel
25,0
20,2
20,0
20,0
18,7
17,6
16,7
19,0
18,5
15,4
15,0
13,9
13,3
14,9
13,6
12,3
10,5
10,1
11,1
11,8
10,7
10,0
5,0
0,0
2005
2006
2007
2008
2009
Exports
Source: Turkish Iron and Steel Association [TCUD], 2014
2010
2011
2012
2013
Imports
6
D. Main Companies
Largest Manufacturers
Company
Net Sales (TRY mn), 2012*
Eregli Demir ve Celik Fabrikalari T.A.S.
7,387
Iskenderun Demir ve Celik A.S.
5,400
Icdas Celik Enerji Tersane ve Ulasim Sanayi A.S.
4,922
Kroman Celik Sanayii A.S.
2,309
Toscelik Profil ve Sac Endustrisi A.S.
2,303
Diler Demir Celik Endustri ve Ticaret A.S.
1,952
Borcelik Celik San. Tic. A.S.
1,939
Yolbulan Bastug Metalurji Sanayi A.S.
1,834
KARDEMİR Karabuk Demir Celik San. ve Tic. A.S.
1,665
Izmir Demir Celik Sanayi A.S.
1,647
Borusan Mannesmann Boru San. ve Tic. A.S.
1,434
Nursan Metalurji Endustrisi A.S.
1,429
Kaptan Demir Celik Endustrisi ve Ticaret A.S.
1,428
MMK Metalurji San. Tic. ve Liman Isletmeciligi A.S.
1,394
Yazıcı Demir Celik Sanayi ve Turizm Ticaret A.S.
1,389
Ege Celik Endustrisi San. ve Tic. A.S.
1,105
Yucel Boru ve Profil Endustrisi A.S.
1,101
Ekinciler Demir ve Celik Sanayi A.S.
1,072
Kurum Demir Sanayi Dis Ticaret A.S.
890
Ozkan Demir Celik Sanayi A.S.
818
*EUR 1 = TRY 2.31 in 2012
Source: Istanbul Chamber of Industry, 2013
7
E. Market Outlook
2023 targets
•
USD 55 bn of exports
•
Crude steel production capacity: 85 mn tons
•
Crude steel production: 70 mn tons
•
Become the largest manufacturer in Europe
•
Share of Turkey in the world market: 4%
•
Increasing production and consumption of high quality steel
•
Becoming a net exporter in flat, special, structural and stainless steel, as well as in
long steel
Source: Dunya Newspaper, 2013
8
Confidentiality
Foreign Market Consulting Ltd Sti handles all data and information confidentially and also asks all
information to be handled confidentially, especially regarding the sources used.
Liability
FMConsulting receives information and data from third parties and presents the gathered data to its
customers. Thus, FMConsulting does not take any responsibility for the accuracy of any declaration or
precision of any gathered data.
Foreign Market Consulting Ltd. Şti. • Dede Yusuf Sok. No:11, 34453 Büyükdere Sarıyer İstanbul - Turkey
Tel: +90-212-3638 052 • Fax: +90-212-3638 517 • www.fmconsulting.info