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Iron and steel production and consumption values are the most important indicators which demonstrate development and industrial growth of countries. In our study, world iron and steel sector production capacities and development of steel production values are examined by years. During this period, except global crisis times, iron and steel capacities and production values’ constantly increasement are observed. Growth rates and iron and steel production values are compared, during economic crisis where world and our country are affected. In the last part of our study, a regression model of salable billet and ribbed bar steel prices was set up to estimate with using independent variables such as the global and Turkey liquid steel production, world and Turkey% growth rates. Except negative effects of economic crisis’ on sector’s development; low capacity usage rates due excess supply over demand, raw material procurement price fluctuations, China's iron and steel sector developments, decreasing other producers’ competion ability due to imports from China to all over world and protective tax regulations on behalf of protection of local producers, create uncertainty to development and future of sector.
International Iron & Steel Symposium
UDCS
Nazmi Sarıkaya
Ahmet Gürbüz