Dublin, Ireland -- Research and Markets offers the new Business Monitor International's "Turkey Metals Report Q4 2011". The Turkish steel industry is growing fast, but this latest Turkey Metals Report from Business Monitor International (BMI) warns that growth in exports will not be sufficient to prevent a slowdown in domestic construction - affecting long steel output.
Increasing capacity utilisation rate
Blast furnace output grew 8.9% to 8.2mn tonnes. EAFs continued to lead growth in H111 with output up 29.6% y-o-y to 12.1mn tonnes while iron-fed blast furnace output grew just 2.8% y-o-y to 4.3mn tonnes. According to the provisional data released by the Central Bank of the Republic of Turkey, the capacity utilisation rate in the Turkish basic metal manufacturing industry was 78.2% in August 2011, increasing by 3.8 percentage points (pp) against August 2010 and remaining unchanged compared with the previous month.
Production has been bolstered by the opening in October 2010 of Russian-owned MMK Atakas's US$250mn cold rolling facility, which has a 1.2mn tpa continuous pickling line, 750,000 tonnes per annum (tpa) reversing mill, 450,000 tpa hot dip galvanising unit and 200,000 tpa colour coating line.
Planned capacity reached
By the end of 2011, the commissioned cold rolling shop is scheduled to reach its planned capacity of 750,000 tpa of ready-made metal products. When completed, MMK Atakas's sites in Iskenderun and Istanbul will have a total hot rolled flat production capacity of 2.3mn tpa, following total investment of around US$1.7bn.While MMK Atakas has improved output by up to 200,000 tonnes per month, there were expectations that output from other producers would lead to higher rates of growth.
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