Why Elon Musk may be the biggest loser of the Midterms
Elon Musk was not on the ballot in Tuesday’s U.S. midterm elections, but he emerged as one of the biggest losers after Democrats swept to vic...
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.
Democrat wins surged on Tuesday across the United States with stunning victories in the South Carolina, Texas and Ohio senate races -- traditionally Republican strongholds -- in the 3 November midterm elections.
From international reporting and investigative documentaries to global forums and digital innovation, AnewZ marks two years of connecting Azerbaijan and the wider world.
Democrats captured majorities in both chambers of Congress on Tuesday, scoring sweeping victories that reached into Republican strongholds, with millions of voters delivering a strong rebuke to President Donald Trump.
U.S. President Donald Trump says Washington will end its annual financial and military aid to Israel by the end of 2026, under an agreement he claims to have reached with Israeli Prime Minister Benjamin Netanyahu.
Iranian parliament speaker Mohammad Bagher Ghalibaf says the U.S. must act to prevent war after Tehran sent a “strong and rational response” to Washington. Meanwhile, U.S. forces have reportedly carried out limited strikes against Iranian targets, including Qeshm Island,
Seven OPEC+ countries agreed on Sunday, 1 November, to keep oil production targets unchanged for December, extending an earlier freeze. But with the Iran war disrupting supplies and prices fluctuating, what is really driving the global oil market?
Cryptocurrencies are volatile, and their crashes make headlines. But does a slump in digital coins ever spill over into the pounds, dollars and euros in people's bank accounts? The short answer is not directly, but indirectly it can, and regulators are increasingly worried about how.
Russian President Vladimir Putin has praised record trade with Egypt as Moscow seeks to use its economic ties with Cairo to expand its influence across Africa, with a focus on manufacturing, infrastructure and energy.
Kazakhstan could begin building its first nuclear power plant in 2027, President Kassym-Jomart Tokayev said on 28 October, according to Azertac. But as Central Asia steps up its energy ambitions, which countries are investing in nuclear power and which are pursuing alternatives?
Apple's latest iPhone 18 Pro series has outperformed its predecessor in early global sales, even as rising manufacturing costs and weaker demand in some markets put pressure on the smartphone industry, according to Counterpoint Research data released on Tuesday (27 October).
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment