Russia Withdrew, and Türkiye Struck Gold - Sözcü Newspaper
5 Articles
5 Articles
The changes in steel supply to the Baltic countries following the Russia-Ukraine war have created new opportunities for Turkish exporters. With Russia losing its former position as a supplier in the region, the Turkish steel sector is aiming to double its export share in the Latvian and Lithuanian markets in the medium term.
With Russia losing its dominance in the Baltic supply markets, the Turkish steel sector has sprung into action. The Steel Exporters Association (ÇİB) has launched initiatives in Latvia and Lithuania, laying the groundwork for a potential $100 million trade volume. The goal is to double the export share in the Baltic market in the medium term.
Following the Russia-Ukraine war, Turkish companies have begun to take center stage in steel supply. In particular, there are plans to double Turkey's share in the Latvian and Lithuanian markets.
Seeking to protect its markets against the new import quotas and tariffs imposed by the European Union (EU) in July, the Turkish steel sector has launched a new offensive in the Baltic countries. Eighteen Turkish steel companies held meetings with a total of 550 steel importers and buyers, including 300 in Latvia and 250 in Lithuania.
MERVE YİĞİTCAN As the cards are being reshuffled in global steel markets, the Turkish steel sector is facing trade wars, EU quotas, and heavy market pressure from China...
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