Fast Market Research recommends "Turkey Metals Report Q2 2014" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 03/07/2014 -- Despite relatively weak growth to be expected in the near-term, the medium-term outlook for Turkey's metals sector remains promising due to strong demand from the domestic construction and autos sectors. Near-term headwinds are likely to include currency weakness making imports of materials more expensive and weak global steel prices squeezing steel-makers' margins. An uptick in political risk in Turkey also presents a key downside risk.
Over the medium-term we forecast Turkey's total steel production to grow from 35.9mnt in 2012 to 45.6mnt in 2018. We expect growth to average 5.6% y-o-y over 2014-2018, as we predict a recovery from the negative growth seen during 2013, which was a result of weak global steel prices and a weak lira pushing up the cost of imports of materials.
View Full Report Details and Table of Contents
We expect to see the share prices of Turkey's two largest steel producers, Erdemir and Kardemir, continue to outperform following steady output growth over 2013. In July 2013 Standard and Poor's raised Erdemir's long-term corporate credit rating from 'B' to 'B+' reflecting the company's strong operating performance.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Materials research reports at Fast Market Research
You may also be interested in these related reports:
- Czech Republic Metals Report Q2 2014
- South Africa Metals Report Q2 2014
- Australia Metals Report Q2 2014
- Japan Metals Report Q2 2014
- Romania Metals Report Q2 2014
- Austria Metals Report Q2 2014
- Belgium Metals Report Q2 2014
- Iran Metals Report Q2 2014
- Egypt Metals Report Q2 2014
- Poland Metals Report Q2 2014