Turkey Steel Market, By Type (Flat and Long), By Product (Structural Steel, Prestressing Steel), By Application (Building & Construction, Automotive, Electrical Appliance, Others), By Region, Competition Forecast & Opportunities, 2027

Turkey Steel Market, By Type (Flat and Long), By Product (Structural Steel, Prestressing Steel), By Application (Building & Construction, Automotive, Electrical Appliance, Others), By Region, Competition Forecast & Opportunities, 2027

The Turkey steel market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the rising investments by leading authorities for infrastructural development. Besides, supportive government policies for boosting the construction sector and technological advancements in steel production are supporting the market growth during the forecast period. Additionally, high-end investments by market players are expected to contribute to the growth of the Turkey steel market in the coming five years.

Turkey is one of the world's leading players in steel manufacturing and exportation. The country takes pride in manufacturing high-quality steel products and makes large investments in growing flat-product production capacity and developing unique technology. Turkey's unique geographical location, which includes a lengthy Mediterranean coastline, allows it to supply European steel markets more efficiently and rapidly. Turkey has 24 electric arc furnace mills, two induction furnaces with capacities ranging from 200,000 to 5 million tonnes, and three BOF units. All steel businesses in Turkey are privately owned, and market participants are constantly striving for technological breakthroughs to remain competitive on a national and worldwide scale.

The iron and steel industry is Turkey's third-largest contributor to the economy and one of its most developed sectors. In addition, market participants are seeking to increase their steel manufacturing capacity. They have begun many projects in the flat products market, including introducing new production facilities and modernizing existing ones. Continuous efforts by industry participants and the implementation of modern technologies in the manufacturing process are likely to boost the expansion of the Turkey steel market throughout the forecast period.

According to World Steel Association data, Turkey produced 40.4 million tonnes of crude steel, increasing the percentage to 12.7 percent by 2020. Market participants are trying to boost output and exports to record levels in 2021 and improve production capacity in the next years. The severe depreciation of the Turkish lira has raised the cost of basic commodities. It forced small steel producers to deal in domestic markets, benefiting medium and large exporters who exported steel. Furthermore, the abrupt spike in shipping costs has caused steel consumers to seek locations close to home and convenient, boosting demand for Turkey's steel sector in neighboring nations.

Turkey steel market segmentation is based on the type, product, application, regional distribution, and company. Based on product, the market is divided into structural steel and prestressing steel. The structural steel segment is expected to dominate the market during the forecast period, owing to its rapid application for constructing prefabricated steel building that reduces production cost and time.

Major players operating in the Turkey steel market are Ereğli Demir ve Çelik Fab. T.A.Ş. (Erdemir), KOCAER STEEL, Kroman Çelik, Asil Çelik, Tosyalı Holding, Kardemir Haddecilik Sanayi ve Ticaret A.S, IŞIK ÇELİK SANAYİ VE TİCARET A.Ş., Yıldızlar Demir Çelik, Marcegaglia Turkey, Somal Sac Sanayi ve Ticaret Ltd. Şti., among others.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022

Forecast Period: 2023–2027

Objective of the Study:

• To analyze the historical growth in the market size of the Turkey steel market from 2023 to 2027.
• To estimate and forecast the market size of Turkey steel market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast the Turkey steel market based on type, product, application, region, and company.
• To identify the dominant region or segment in the Turkey steel market.
• To identify drivers and challenges for the Turkey steel market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Turkey steel market.
• To identify and analyze the profiles of leading players operating in the Turkey steel market.
• To identify key sustainable strategies adopted by market players in Turkey steel market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of the Turkey steel market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Turkey steel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Turkey Steel Market, By Type:
• Flat
• Long
• Turkey Steel Market, By Product:
• Structural Steel
• Prestressing Steel
• Turkey Steel Market, By Application:
• Building & Construction
• Automotive
• Electrical Appliance
• Others
• Turkey Steel Market, By Region:
• Marmara
• Central Anatolia
• Aegean
• Mediterranean
• Black Sea Region
• South-Eastern Anatolia
• Eastern Anatolia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Turkey steel market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights