What is it about?
The article that served as the source and inspiration for the information presented on this page was originally published under the title “Demir çelik sektöründe ticaret hassasiyeti: Türkiye üzerinden uluslararası bir karşılaştırma” in “Toplum Ekonomi ve Yönetim Dergisi”, dated 2024, Volume 5(2), pp. 303-326. The content below offers informative and explanatory insights that include personal perspectives on the topic. You are welcome to share your questions, comments and suggestions via the contact channels and academic/social platforms listed in the menus on the right. The author(s) expect proper citation of their original work as a recognition of their scholarly contribution published in peer-reviewed scientific journals. Therefore, please refrain from citing this page and instead cite the original article. Please note that this text serves primarily as an introduction and expression of viewpoints. Thank you for your understanding. Think of this study as my ultimate leaderboard for iron and steel superheroes! I ranked the top 15 steel-exporting countries based on how much steel they crank out, how much they consume per person, and their trade moves. Using fancy decision-making tools called CRITIC and ROV, I not only figured out who’s winning the steel game but also checked who’s got a trade crush on Turkey and who Turkey’s keeping an eye on. Spoiler alert: it’s all about trade sensitivity, the sneaky cost behind international steel relationships. And yes, I wrapped it up with some savvy policy tips to keep the steel world spinning smoothly!
Featured Image
Photo by Graphic Node on Unsplash
Why is it important?
In today’s global playground, countries are more tangled up in each other’s business than ever, especially when it comes to trade. Trade sensitivity is like that drama queen friend who reacts to every little change, except here it’s economies reacting to political moves, tariffs, and price swings. For the iron and steel world, trade sensitivity isn’t just a fancy term; it’s the cost of doing business in a tough crowd. When one country flexes its muscles, it sends ripples through steel markets worldwide. This means that steel makers need to be on their toes, juggling imports of scrap metal and exports of finished goods, all while dealing with political headlines and market mood swings. Why all the fuss? Because iron and steel are the backbone of industries like automotive, construction, and shipbuilding, pretty much everything that keeps the economy humming. So when trade gets sensitive, the whole show feels the heat. In my view? Understanding trade sensitivity is like having a superpower to predict and navigate those economic plot twists. And hey, who doesn’t want to be the hero in the global steel saga?
Perspectives
So, I dove into the data of 15 big-shot countries exporting over $10 billion in steel between 2018 and 2022. Using fancy multi-criteria decision methods (yes, CRITIC and ROV; you know, the cool MCDM stuff), I ranked their steel game. Spoiler alert: steel imports carry the heaviest weight here, guess everyone’s addicted to scrap metal! Trade sensitivity is basically the “mood ring” of international steel business. It tells us who’s feeling the heat when tariffs rise or trade wars pop off (looking at you, US-China). And trust me, it’s a wild ride, Covid, sanctions, economic rollercoasters, you name it, it shook the steel world. Turkey’s holding its own but still learning to tango with trade sensitivity. The cool part? By mapping who’s sensitive to whom, we get to see the real power players and who might be sweating under the global steel spotlight. In my opinion, knowing this formula isn’t just nerdy math, it’s the secret sauce to surviving (and thriving) in the steel arena! PLEASE NOTE THAT THE CONTENTS ON THIS PAGE ARE NOT IDENTICAL TO THOSE PRESENTED IN THE ORIGINAL STUDY. FOR INFORMATION, COMMENTS, OR SUGGESTIONS, PLEASE CONTACT THE AUTHOR
Ümit Remzi Ergün
Canakkale Onsekiz Mart Universitesi
Read the Original
This page is a summary of: DEMİR ÇELİK SEKTÖRÜNDE TİCARET HASSASİYETİ: TÜRKİYE ÜZERİNDEN ULUSLARARASI BİR KARŞILAŞTIRMA, Toplum Ekonomi ve Yönetim Dergisi, June 2024, Islam Medeniyet Arastirmalari Dergisi (IMAD),
DOI: 10.58702/teyd.1402785.
You can read the full text:
Contributors
The following have contributed to this page
