Sukru Celik: Turkey is a crucial destination for EU scrap exports
Thursday, 23 May 2013 18:03:54 (GMT+2)
Speaking at SteelOrbis Market Talks Meeting held in Istanbul on May 22, Turkey director of Belgian Scrap Terminal NV, Sukru Celik, discussed the Turkish steel industry and in particular its scrap imports in relation to Turkey's current account deficit which had hit a record level of $77 billion in 2011. Noting that the steel industry is one of the most important industrial sectors in Turkey, Mr. Celik stated that Turkish producers have to import scrap for their arc furnace steel production. Disagreeing with the idea that the country's steel industry increases Turkey's current account deficit, he said that steel scrap imports ultimately have a positive effect on the current account deficit as opposed to having to import finished steel products which would lead to a greater deficit.
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