Salda Metal Export and Import Manager Mr. Fatih Caliskan stated that "Malaysian billet and diameter prices in Southeast Asia have reached the most competitive level by providing a significant decrease," and stated that Malaysian steels will be seen more in the market.
Industry News
In the January-May period, compared to the same period of 2018, exports amounted to 9.8 million tons with an increase of 20.4% in quantity and 7.2 billion dollars with an increase of 6.5% in value.
Effects of Covid 19 on the steel industry
The effects of the COVID-19 pandemic became visible in 2020. The disease, which has spread worldwide as of April 2020, in the production sector; This has caused problems such as slowdown or stoppage of production, decrease in production quality, deterioration of supply chains and decrease in demand for manufactured goods.