JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
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.
Also Read : India's Tata Steel plans to double its steelmaking capacity, focusing on domestic expansion Reliance's Hanooman AI model, supported by Mukesh Ambani, set for March launch in India
India aims to be carbon neutral by 2070, and Uttar Pradesh is working to establish itself as a major...
Renewables 30-May-2024
China Steel Futures Prices 2025: Iron Ore & Raw Materials Market Analysis China's steel a...
China 11-Jul-2025
According to Union Minister Pralhad Joshi, captive and commercial coal blocks produced 147 million t...
Renewables 04-Apr-2024
The Reserve Bank of India (RBI) has warned that cheap steel imports and dumping from select countrie...
Construction 22-Oct-2025
The Orissa High Court has extended interim protection to Tata Steel in a high-value dispute over all...
Construction 26-Nov-2025
According to Rio Tinto Chairman Dominic Barton, low rates of investment in the global mining sector...
Raw Material 16-Apr-2024