PUBLICATION
Turkey Steel 2007 STI Release
By the close of 2007, Turkey sits comfortably as the 11th largest steel-producing nation in the world (it ranked 17th in 2000), and its industry continues to grow fast. In 2006, among the top 15 steel producers, only China and India experienced higher growth rates. The reasons for this success are diverse and related to both internal and external factors. To start with, steel prices have recently reached historical highs globally, pushing up the revenues of steel companies. In Turkey, the ranking of the top industrial enterprises according to their production-based sales illustrates this development: in the list for 2006, made public in summer 2007 by the Istanbul Chamber of Industry, there were 21 steel companies in the top 100. Of these, two in three rank better than they did the year before.
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In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.
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