International Congress on Eurasian Economies

International Congress on Eurasian Economies

26-28 June 2024 – Bishkek, KYRGYZSTAN

Paper properties

Paper ID : 2575
Status : Paper published
Language : Turkish
Topic : Sectoral Analyses
Presenter: Asst. Prof. Dr. Bilge Çağatay
Session : 6B Sektörel Analiz

Steel Industry in Turkey: Progress and Challenges
Türkiye'de Çelik Endüstrisi: Gelişmeler ve Karşılaşılan Zorluklar

Abstract

While Turkey was the world’s 10th biggest steel producer in 2001, she has become the 7th biggest producer globally and largest steel producer in Europe in 2020. In fact, she was the third fastest growing steel producer in the world between 2001 and 2011, after China and India. Steel production in Turkey has increased significantly since 2001, growing from 15 million tons (mt) in 2001 to 35.8 million tons in 2020. In addition to the strong domestic demand and dynamic steel using industries, Turkey’s well-placed position also supports exports and production. This article suggests employing descriptive methodology focusing on Turkish Steel Industry between 2010-2020. The authors conduct descriptive research using case study method. Both quatitative and quanlitative analysis gives a holistic understanding of the research question. We began with a discussion of how Turkish steel industry has changed and affected by the rise of protectionism in the twenty first century. Then we will focus on the competition strategy in steel industy based on the trade relationship between EU, USA and Asia. A final section summarizes our argument and findings and offers suggestions for policy implications. The paper seeks to understand the role of Turkish steel industy both in Turkish economy and global economy. We anchor our collective interest in competition strategy and trade performance in the last decade. After Covid 19, the world community faces many unknowns. As a result, we aim to fill the gap with the mapping the future appearance of steel industy in Turkey by evaluating the possibilities.

JEL codes: F10, F13, F15

Çağatay, Bilge (2021). "Steel Industry in Turkey: Progress and Challenges" in Proceedings of International Conference of Eurasian Economies 2021, pp.272-281, Istanbul, TURKEY and ONLINE.

DOI: https://doi.org/10.36880/C13.02575

Full paper in PDF format.

Session 6B: Sektörel Analiz

Eurasian Economists Association Kyrgyz-Turkish Manas University Istanbul Beykent University Doğuş University