The Steel Market in Turkey A Market Analysis
- Slides: 4
The Steel Market in Turkey A Market Analysis by Melda Alaluf
Current Steel Market in Turkey Determinants of Demand: - Price of Substitute Goods (Aluminum or copper) - Tastes and preferences (most preferred construction material) Determinants of Supply: - Productivity (Skilled steel industry workforce) - Government Intervention (GITES Action Plan) - Supply Shock (weather conditions have been ideal, unlike U. S. )
Predicted Steel Market in Turkey Determinants of Demand: - Consumers’ income (increasing after global crisis ended in 2009) - Derived demand (Automotive industry/infrastructure) Determinants of Supply: - Cost of Production (rising raw material costs) - High Import Ratio (imports from China reach 2. 25 million)
Works Cited Gönültas, Bahattin. "Rising Chinese Steel Imports Hurt Turkish Market: Producers. ”Anadolu Agency. Anadolu Press, 11 May 2015. Web. 5 Oct. 2015. <http: //www. aa. com. tr/ en/turkey/rising-chinese-steel-imports-hurt-turkish-market-producers/48635>. Kurtaran, Gökhan. "Rise in Turkey's Iron, Steel Export Volume Dependent on Price Hike. ” Hurriyet Daily News. Hurriyet, 27 Jan. 2011. Web. 5 Oct. 2015. <http: // www. hurriyetdailynews. com/default. aspx? pageid=438&n=rise-in-iron--steelexports-volume-dependent-on-price-hike-2011 -01 -27>. Turkey. Investment Support and Promotion Agency. Republic of Turkey Prime Ministry. The Iron and Steel Industry in Turkey. Invest in Turkey, Dec. 2013. Web. 5 Oct. 2015. <http: //www. invest. gov. tr/en-US/infocenter/publications/Documents/IRONSTEEL-INDUSTRY. pdf>.
