A 'Metal Index' study that will shape the global metal market has been launched.
The purpose of the reporting, which will include export growth rates and expectations for the next month, is to create an "Index" by evaluating the numerical data of industries more comprehensively with anticipatory data. The aim is to provide export companies with guidance and ensure sustainable exports through a general analysis using the Index.
To monitor and evaluate developments in the metal industry's export markets and export demands, and to inform the sector and exporters, the "TR-Metalendex: Turkey Metal Industry Export Index" has been launched to track indicators such as metal prices, production costs, exchange rates, profit margins, and inventories.
The iron and non-ferrous metals sector, which is the 6th largest exporting sector among industrial sectors, reached exports of $6.63 billion in the January-June period, with an export unit price of $4.59 during the same period. With the index studies that began in November 2022, various data related to exports, such as decreases, increases, regional changes, capacity, and current order status, can be explained.
Exporters who follow this index will align their investments, pricing strategies, future projections, and value-added efforts with the index in order to increase their share in the metal industry while continuing their services and production. Industries can determine their relevant needs, incentives, and support accordingly and make requests.
With the Index, the goal is to continue investments on a sectoral basis, increase capacity, and gain a larger share of global markets, while ensuring the soundness of efforts related to sectoral incentives and support.
