A Turkish Steel Industry Assessment Mission will visit Pakistan in early March this year to have first hand knowledge about the available business and investment opportunities.
Mr Kerim Dilber head of two member Turkish delegation at Lahore Chamber of Commerce and Industry said that the members of the Assessment Mission would hold meetings with steel industry people for initiating JV in Pakistan.
A second Turkish delegation also from the steel industry would also visit Pakistan as soon as the first delegation completed its findings. Turkey has become the 10th biggest producer globally and 2nd largest steel producer in Europe. Turkey was the third fastest growing steel producer in the world between the period 2001 and 2010 after China and India.
Steel production in Turkey has increased significantly since 2001 growing from 15 million tonnes in 2001 to 29.1 million tonnes in 2010. Within 5 years period between 2005 to 2010 per capita crude steel consumption in Turkey has increased to 340 kilogram and is expected to continue to grow in the medium and long term.
Mr Kashif Younis Meher senior VP of LCCI said that collaboration between the steel sectors of the two countries could create a win win situation on three counts.
(Sourced from www.dailytimes.com.pk)
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