Media reports have revealed that few steel mills in the Iskenderun area of Turkey have declared temporary force majeure for an indefinite period of time, although no mill has declared significant damage to production facilities, but workforce shortages remain the main problem hindering production. On the other hand, almost all mills have opened their facilities as shelter for affected people, and sent some of their equipment, like cranes, to aid rescue efforts.The damage caused by the devastating earthquakes in Turkey on 6 February, with the epicenter in Kahramanmaras, has caused natural gas and electricity supply cuts in the region.The immediate impact of the earthquake will be a fall in Turkish steel production in February, as the region accounts for 25-30% of the country’s steel production. Iskenderun region hosts several steel producers including Isdemir, Koc, Bastug, Ekinciler, Toscelik, and Yazici. Flats and longs rolling mill are also in the region, including Tosyali Toyo, Atakas, MMK Metalurji, Corbus and Yolbulan being. The majority of these mills are long steel producersHowever, in the longer run, an increase in domestic steel consumption is expected due to the reconstruction of the destroyed cities. More than 1,200 buildings were destroyed by the earthquake in Hatay province alone.After 9 days, Turkey earthquake toll is inchingcloser to 40,000. Meanwhile the Turkish Enterprise and Business Confederation TÜRKONFED has reported that workforce losses will cost the country's economy USD 2.9 billion. As a result, the estimated economic toll stands at USD 84 billion, including damage to residential buildings and the loss in national income.
Media reports have revealed that few steel mills in the Iskenderun area of Turkey have declared temporary force majeure for an indefinite period of time, although no mill has declared significant damage to production facilities, but workforce shortages remain the main problem hindering production. On the other hand, almost all mills have opened their facilities as shelter for affected people, and sent some of their equipment, like cranes, to aid rescue efforts.The damage caused by the devastating earthquakes in Turkey on 6 February, with the epicenter in Kahramanmaras, has caused natural gas and electricity supply cuts in the region.The immediate impact of the earthquake will be a fall in Turkish steel production in February, as the region accounts for 25-30% of the country’s steel production. Iskenderun region hosts several steel producers including Isdemir, Koc, Bastug, Ekinciler, Toscelik, and Yazici. Flats and longs rolling mill are also in the region, including Tosyali Toyo, Atakas, MMK Metalurji, Corbus and Yolbulan being. The majority of these mills are long steel producersHowever, in the longer run, an increase in domestic steel consumption is expected due to the reconstruction of the destroyed cities. More than 1,200 buildings were destroyed by the earthquake in Hatay province alone.After 9 days, Turkey earthquake toll is inchingcloser to 40,000. Meanwhile the Turkish Enterprise and Business Confederation TÜRKONFED has reported that workforce losses will cost the country's economy USD 2.9 billion. As a result, the estimated economic toll stands at USD 84 billion, including damage to residential buildings and the loss in national income.
