Turkey to export 20 million tons of iron and steel in 2011
Iron and steel sector of Turkey plans to export 20 million tons of production and make 16 billion profit in 2011, the Zaman newspaper quotes Namik Ekinci, Head of Istanbul Iron and Steel Exporter's Association on Tuesday.
According to Ekinci, prices of raw material are expected to rise by 10 percent in 2011. The aim is to double exports of iron and steel by 2023 to $1.35 billion, and increase the total export of Turkey to $55 billions.
Turkey's export of iron and steel amounted to $19.5 billion in 2008 (15 percent of total export), $11 billion in 2009 (11 percent of total export), and $12.3 billion in 2010 (11 percent of total export).