Breaking News

India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis

Strategic Protection Sought to Shield Turkey’s Steel Sector from Unfair Imports

266836_1764397078_small.png
Large Corporate 29 Nov 2025 11:47 AM IST GMK Centre

Fuat Tosyalı, chairman of Tosyalı Holding, has called for “strategic protection” measures to strengthen the competitiveness of Turkey’s steel industry amid mounting pressure from global oversupply and cheap imports, particularly from China.

He noted that geopolitical tensions and uncertainty over customs tariffs will continue to affect countries and sectors through 2025, while excessive steel supply driven by China’s high production has disrupted the balance in global export markets. Turkish producers now face challenges both at home and in key export destinations.

According to Tosyalı, Turkey needs a comprehensive approach that simultaneously protects the domestic market and safeguards export-oriented steelmakers from unfair competition. He stressed that policies should prioritise value-added and green steel production, coupled with targeted safeguards against dumped and subsidised imports, to support long-term competitiveness.

Tosyalı highlighted his group’s investments in sustainable, efficient and large-scale production, including major solar power projects and hydrogen-ready DRI facilities aimed at cutting carbon emissions. Over the last five years, Tosyalı has increased its global steel output by more than 100% and aims to rank among the world’s top 20 steel companies within the next five years, reflecting both the opportunities and risks facing Turkey’s steel sector.