Turkey’s domestic steel consumption dropped by 34 percent in 2001, in line with a 9.4 percent decrease in production during the same period, reported Cumhuriyet . Turkey’s Association of Iron and Steel Producers reported that the republic was the 15th largest iron and steel producing country in the world last year.
In December 2001, Turkey launched a series of measures to help speed up a recovery in the country's industrial and commercial sectors, badly hit by a severe economic crisis that has plagued the country since February. The package aimed primarily to facilitate loan repayments for troubled companies, ease tax burdens and make investment incentives more efficient. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
