Turkey Metals Report Q4 2013

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Turkey Metals Report Q4 2013 Aug 14th 2013, 00:00 Price: $ 1295   BMI expects the Turkish metals sector to continue on its positive trajectory after performing well in the face of external headwinds over the past few years. We forecast healthy growth in the construction and autos industries boosting domestic demand for Turkish steel. Steady growth of steel exports is also to be expected as construction continues to grow in the Middle East. Downside risks to our forecast include subdued demand from EU states, depreciation of the Turkish lira raising production costs, political unrest in the country and a global weakening of steel prices. Despite strong growth in 2011 and 2012, H113 has seen a 4% average fall in Turkish steel output year-on-year. We see this as a temporary slowdown in a larger growth picture. However weaker steel prices seem already to be ha ... Complete report details with Table of Contents and more @ http://www.marketreportsonline.com/267074.html

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