Turkey Metals Report Q1 2014

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Turkey Metals Report Q1 2014 Nov 20th 2013, 00:00 Price: $ 1295   BMI View: Despite relatively weak growth to be expected in the near-term, the medium-term outlook for Turkey's metals sector remains promising due to strong demand from the domestic construction and autos sectors. Near-term headwinds are likely to include currency weakness making imports of materials more expensive and weak global steel prices squeezing steel-makers' margins. Over the medium-term we forecast Turkey's total steel production to grow from 35.9mnt in 2012 to 42.8mnt in 2017. We expect growth to average 3.6% y-o-y over 2013-2017, a downward revision to our previous forecast of 5.5% y-o-y. This is largely a result of negative growth over the first seven months of 2013 on the back of weak global steel prices and a weak lira pushing up the cost of imports of materials. ... Complete report details with Table of Contents and more @ http://www.marketreportsonline.com/295123.html

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