Tosyalı Holding’s chairman Fuat Tosyalı is calling on the European Union (EU) to remove steel import quotas for Türkiye and Algeria, arguing that the measures undermine the EU’s own steel industry and contradict sustainability goals, Kallanish notes.
Tosyalı is quoted by Anadolu Agency saying the quotas which are designed to shield Europe from Asian, particularly Chinese, imports are also being applied to Türkiye, which he described as a key upstream supplier for the EU.
“The EU should lift quotas for countries like Türkiye and Algeria that provide low-emission upstream steel. Otherwise, it risks weakening its own downstream industries,” he adds while at the World Economic Forum Annual Meeting in Davos.
Tosyalı underlines that low-emission upstream steel products produced in Türkiye and Algeria should not be subject to any quota restrictions, adding that this would allow the EU to introduce green steel more effectively into its own industrial ecosystem.
He also warns that China’s dominance, accounting for nearly half of global crude steel production, continues to distort global markets, driven by overcapacity, subsidies and weak demand. Global excess steel capacity currently stands at around 680 million tonnes and could exceed 720 mt by 2027, he concludes.
Tosyalı also highlights that the steel industry is one of the main contributors to global warming, stressing that outdated, high-emission steel plants should no longer be supported by governments worldwide.
