Nickel Prices Climb as Futures Rebound: What This Means for Steelmakers

Recently, market rumors suggested that South Korean steel giant POSCO was planning to sell its stainless steel plant in Turkey. However, the company has firmly denied these claims, stressing its ongoing commitment to the Turkish market and its strategic importance in the global stainless steel supply chain.

POSCO clarified that its stainless steel operations in Turkey remain a critical part of its international business. The plant plays a key role in supplying high-quality stainless steel products to Europe, the Middle East, and North Africa — regions where demand continues to grow across industries such as construction, automotive, and household appliances.

By reaffirming its long-term strategy, POSCO signals confidence in Turkey’s stainless steel market despite global challenges such as oversupply, fluctuating nickel prices, and shifting trade policies. The company has invested significantly in maintaining production efficiency and ensuring compliance with international standards, which strengthens its competitive edge.

The denial of the plant sale not only reassures POSCO’s partners in Turkey but also reflects the company’s broader strategy to stabilize supply chains and support regional markets. With stainless steel demand in Europe and surrounding regions projected to remain steady, POSCO’s continued presence reinforces its role as a reliable supplier in the international stainless steel industry.