The Effect Of The Virus in China Could Benefit Turkey

Coronavirus created by the impact of China's steel industry initiatives on that record is likely to fall in the share markets Celik İhracatcilari Birligi (CIB) President Adnan Aslan, said that this situation could be an advantage for Turkey

Adnan Aslan, Chairman of the Board of Celik İhracatcilari Birligi (CıB), made a statement regarding the possible effects of the coronavirus epidemic in China on the steel industry. Pointing out that China is the biggest player in the world steel industry, Aslan reminded that the New Year holiday was extended until February 2 due to the coronavirus epidemic, in addition, firms operating in many provinces of China will be closed until February 9. Aslan stated that it is possible to see a decrease in production, consumption, and export in China based on these developments at www.la-dieta-chetogenica.it. Noting that China realized liquid steel production at the level of 1 billion tons with an increase of 8.3 percent in 2019, Aslan continued as follows: "In contrast, China showed the lowest performance of steel exports in the last six years, and its production was mostly The reason for China's failure to pursue an aggressive export policy, as in previous years, is that the cost of freight is also high in addition to the additional taxes it faces in export markets. However, China is still the world's largest steel producer, consumer, and exporter. "