AnewZ Morning Brief - 9 March, 2026
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Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
Veysel Yayan, Secretary-General of the Türkiye Steel Producers’ Association (TCUD), highlighted that steel remains a vital raw material for construction, automotive, energy, and machinery sectors. Its durability, recyclability, and broad applications make it strategically important for the global economy.
Yayan noted that steel production is not only an indicator of industrialisation but also a symbol of national economic strength, with the sector playing a key role in renewable energy and infrastructure projects.
Global ranking and trade shifts
According to the World Steel Association, China led global crude steel output last year with 1 billion tonnes, followed by India (149 million tonnes), Japan (84 million tonnes), the U.S. (79.5 million tonnes), Russia (71 million tonnes), South Korea (63.6 million tonnes), and Türkiye (39.6 million tonnes).
Yayan said Türkiye exports steel to over 180 countries, holding a strategic position in the global supply chain. “Last year Türkiye was eighth globally and seventh in Europe, but in the first eight months of 2025 it has risen to seventh worldwide and first in Europe,” he said.
He added that fluctuations in China’s market and protectionist measures, particularly those under former U.S. President Trump, have reshaped global trade flows, potentially affecting Türkiye’s sales in Europe and long-term investment plans.
Resilience and green transformation
Yayan stressed that Türkiye’s steel sector continues to maintain competitiveness, diversify markets, and advance green transformation investments.
He highlighted that a strong steel industry underpins economic growth and national security, while reliance on foreign producers increases supply risks in key sectors.
“Investments in special-grade steel for the automotive, defence, energy, and shipbuilding sectors are accelerating, boosting production volume, product diversity, and global competitiveness,” he added.
Yayan noted that domestic demand can be met with current capacity, though utilisation is relatively low at 63%, and called for policies to reduce import dependence, support local production, lower energy costs, and finance environmental investments to strengthen Türkiye’s steel industry further.
The Azerbaijani State Security Service has said it has stopped Iran committing terror attacks against four targets in the country: Baku-Tbilisi-Ceyhan pipeline, the Israeli Embassy in Azerbaijan, a leader of the Mountain Jews religious community and the "Ashkenazi" synagogue.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Baku has completed its evacuation of staff from the Azerbaijan Consulate General in Tabriz, while most employees from the Azerbaijan Embassy in Tehran have also returned.
Tehran’s Mehrabad Airport came under attack in heavy airstrikes on early Saturday morning (7 March), Iranian news agencies reported.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.
Global debt surged to a record $348.3 trillion at the end of 2025, after nearly $29 trillion was added over the year, marking the fastest annual increase since the pandemic, according to the Institute of International Finance (IIF) report released on Wednesday.
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