Pak­istan, Turkey ex­plore steel joint ven­tures

Enterprise - - 29 -

past two decades, which re­flects its com­mit­ment to re­spond­ing to eval­u­a­tion in world steel mar­kets. In the first seven months of 2011, Turkey achieved the big­gest in­crease (21 per­cent) in out­put.. Dur­ing this time, global out­put reached 886.8 mil­lion tonnes, up by 8.26 per­cent in the same pe­riod in 2010.

Growth of the Turk­ish steel sec­tor has been driven by strong do­mes­tic con­sump­tion. Be­tween 2005 and 2010, per capita crude steel con­sump­tion in Turkey in­creased to 340 kg and is ex­pected to con­tinue to grow in the medium and long term. In ad­di­tion to the strong do­mes­tic de­mand and dy­namic steel con­sum­ing in­dus­tries, the ge­o­graph­i­cal po­si­tion of the coun­try also sup­ports ex­ports which fur­ther en­cour­age higher pro­duc­tion.

Cur­rently, Turkey has 23 elec­tric arc fur­nace mills (EAF) and 3 in­duc­tion fur­naces, with a ca­pac­ity range from 200,000 to 5 mil­lion tonnes; its 3 BOF plants have ca­pac­i­ties rang­ing from 1.5 to 3.5 mil­lion tonnes.

Turkey’s to­tal crude steel pro­duc­tion reached 34.1 mil­lion tonnes in 2011 and is ex­pected to reach to 38 mil­lion tonnes in 2012.

The po­ten­tial ar­eas for Turk­ish in­vest­ment in Pak­istan are: power, oil and gas, min­ing, tex­tiles, agri­cul­ture and fi­nance. Ac­cord­ing to You­nis Me­her, Se­nior Vice Pres­i­dent LCCI, “It will help Pak­istani busi­ness­men gain ac­cess to Euro­pean mar­kets and en­able Turk­ish coun­ter­parts to win Cen­tral Asian States and Afghanistan. The trans­fer of Turk­ish tech­nol­ogy will fur­ther strengthen Pak­istan’s steel sec­tor, which is presently dom­i­nated by In­dian tech­nol­ogy.”

With its fo­cus on Pak­istan as a po­ten­tial steel mar­ket, a high-pow­ered del­e­ga­tion of steel ex­porters from Turkey has con­ducted as­sess­ment sur­veys in the coun­try to ob­tain first-hand knowl­edge of avail­able busi­ness and in­vest­ment op­por­tu­ni­ties and to meet peo­ple from the in­dus­try to ini­ti­ate joint ven­tures. This could be an op­por­tune time for Pak­istani com­mer­cial im­porters and in­dus­trial end-users to en­ter into trade re­la­tion­ships with re­li­able sup­pli­ers from Turkey.

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