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TURKISH ECONOMY / IRON AND STEEL

Economic Outlook

Foreign Trade

Foreign Investment

Free Trade Zones

Banking and Capital Market

Frontier Formalities

Statistics

iron1.gif (13611 bytes)The Turkish iron-steel industry has shown great progress in the last few years both in terms of quality and capacity. Today, using the most advanced technology, the industry is capable of producing specialized goods for a diverse range of fields. Turkey became the 15th biggest steel producer in the world with a production of 12 million tons in 1994. As of the end of October, 1995, the total production of crude steel was 10.8 million tons. The second major export item of the Turkish industry is iron and steel products which reached value of $2.3 billion US in 1994.

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