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Turkish galvanized steel wire manufacturer Ozyasar announced on October 9th that it has received new export orders totaling approximately $9 million from overseas customers. The company did not disclose the specific order tonnage or export destinations.
Since Ozyasar commissioned its new wire rod plant in Elbasan, Albania, in 2021, its production has been primarily exported to the EU market. 20QG080 GO Electrical steel, This order comes at a time when the European Commission is planning to reduce duty-free steel import quotas by 47% starting in 2024. This measure could further restrict Turkish steel producers' export opportunities in the EU and impact the regional steel trade landscape.
Currently, Ozyasar has an annual production capacity of 286,000 tons of steel wire. Its products cover sectors such as energy, infrastructure, cables, automotive, home appliances, construction, and agriculture. 20QG080 GO Electrical steel, With high-value-added products such as hot-dip galvanized steel wire at its core, the company possesses the ability to flexibly adjust its export structure even in challenging market conditions.
From a broader market perspective, the Turkish steel industry is facing upward price pressure due to rising costs and trade uncertainties. 20QG080 GO Electrical steel, As of October 9th, the export price of Turkish rebar rose to $545/ton FOB, an increase of $5 from the previous day; this was mainly driven by higher scrap steel prices, with the import price of heavy melting scrap 1/2 (80:20) rising to $351/ton CFR.
