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Are Turkey's materials competitive in USD/EUR right now, relative to other developing economies? All the manufacturers have raised their prices significantly i
by unsupp0rted 3y ago
Are Turkey's materials competitive in USD/EUR right now, relative to other developing economies?
All the manufacturers have raised their prices significantly in TRY (Turkish Lira) terms- I suspect to the point that their prices are higher than usual even in USD/EUR terms.
- alephnerd 3y ago> materials competitive in USD/EUR right now Yes in power systems, automotive, tooling and machinery, and chemicals. Turkish OEMs are connected with the larger CEE automotive industry, and they are a significant manufacturing of power systems components for Europe and ME. The chemical engineering industry is also fairly competitive (plastics, polymers, etc). It's the same story for Mexico and Thailand.