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  • 28-10-20

    Turkey: countries must unite to save steel industry

    (MENAFN) The Turkish trade minister, Rushar Pekcan asked countries during the Global Forum on Steel Excess Capacity Ministerial Meeting that was held online, to take a mutual stand against steel regulations and preventive policies that disrupt the normal flow of trade.

    She expressed: "Unfortunately, in recent years, we observe that some major steel producer countries and country groups implement measures that disrupt the normal flow of trade and cause barriers to imports."

    "In this regard, we should cooperate more comprehensively against these unfair measures and focus our attention on the main root cause of the problem."

    The minister acknowledged that Cronoavirus outbreak can cause many issues for the steel industry, so new regulations must be implemented, but she argued that they should be made by market forces.

    Pekcan highlighted that the international global steel markets, already suffer from excess capacity and low prices, and are now getting worse because of the outbreak.

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