Metal stamping, die casting,


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 Whether your goal is to expand your international operations, integrate innovation into your manufacturing process, maintain regulatory compliance, or optimize inventory, Haltın provides comprehensive solutions tailored to our clients’ needs. We combine industry knowledge with accounting, tax, and business advisory experience to help your business address challenges and capitalize on opportunities.fsfds


Turkey became the third country among the 15 largest steelmaking countries after China and India in terms of production growth rate between the periods of 2007-2012. In fact, Turkey achieved the largest production growth in 2011 and 2012. 

Turkish steel industry started 2016 by struggling to survive under the problems accumulated since 2012. The fast recovery in steel prices during the first quarter of 2016, revived the expectations of the industry for the remaining part of the year. However, the realization of the positive expectations depend on eliminating surplus capacity and its negative effects in the world steel markets, preventing state aid to the steelmaking companies all over the world and dumped export sales to the world markets which pushes down the price levels. In order to get the desired results, Turkish economy administration need to take measures immediately against the dumped and low quality steel imports, as the other countries do like USA, EU, Canada, India. When external factors are not taken into consideration, it is clearly seen that Turkish domestic market is strong enough to support the growth of the Turkish steel industry. 

Turkish steel industry

  • Turkey’s iron-steel export goal for 2023 is USD 55 billion, securing a 4% share of the global iron-steel market and growing annually 7.4% on average. Turkey aims to reach 85 million tonne year capacity and 70 million tonne/year production.
  • The 2023 export goals for the sub-sectors of iron and steel can be summarized as follows:  

‒ Long product – USD 23.6 billion,  

‒ Flat product – USD 15.7 billion,  

‒ By products –  USD 3.9 billion,

‒ Pipe – USD 7.9 billion and  

‒ Construction parts – USD 3.9 billion.

  • Major transportation and infrastructure projects such as the North Marmara Highway which encompasses the third Bosphorus bridge and the third Istanbul Airport will continue to boost the industry’s growth. Moreover, investments in high speed railway including the Ankara to Istanbul high speed railway project will demand large amounts of finished steel products in its construction phase. According to BMI, these projects will make Turkey the second largest steel consumer at 43.3 million tonnes in 2017.
  • Turkey’s short term goals include solving the flat/long steel supply-demand disequilibrium and the problems that arise from it, including the deficit that arises from net export losses suffered in the iron-steel industry. The long term goals include increasing the share of high value added steel products (construction, stainless, etc.) in both production and consumption. As a result of Turkey being in a highly seismic region, construction steel is expected to become a consumer necessity, which in turn will ensure a dramatic rise in production capacities.



Stainless Steel

There is no integrated production facility for stainless steel in Turkey, but consumption keeps increasing. Consumption tripled from 2000 to 2011. Stainless steel is imported at high volumes, but new facilities are expected to be built.

  • Stainless steel consumption in Turkey is more than 4 kilograms per person. In order for Turkey to catch up with developed markets, stainless steel consumption has to rise to 18 kg per person. Therefore, there is considerable room and opportunities for investment in the stainless steel sub-sector.
  • There are international companies that are already evaluating opportunities in stainless steel production in Turkey. One such company is the South Korean steel producer POSCO. The facility for a cold rolled stainless flat steel facility started operation in the second quarter of 2013. The facility’s total investment was USD 350 million and its capacity is 500,000 tonnes of stainless steel per year.

Investment Tip: Turkey currently consumes 4 kg of stainless steel per capita. However, to reach developed market standards, it needs a consumption amount of 18 kg per capita. Therefore, more qualified steel production is needed in Turkey

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Our experience with Haltin Consultancy gave us more than we expected. Their service was all prosfessional and satisfactory from the beginning to the end. We felt their expert support during the whole process.

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