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【Ferro-alloys.com】：An important step has been taken to increase supply and market diversification in the Turkish stainless steel industy Turkey's. Stainless Industrialists and Business Association (PASID) has announced that it has signed a memorandum of understanding withBahru Stainless, one of Malaysia's leading stainless steel producers. The agreement aims to establish a non-exclusive and non-binding framework for cooperation and market development in the Turkish stainless steel industry, positioning Malaysia as analternative supplier, particularly for stainless steel raw materials.

Under the memorandum, which does not create any obligation for purchasesale, delivery, or supply, PASID will provide facilitating and supportive servicesto Bahru Stainless in Turkey, including the promotion of stainless steelproducts, market access, and support in supply processes.

Highlighting the importance of the agreement for the industry, ArslanKucukemre, PASiD chairman, stated that Bahru Stainless has become analternative producer for the industry, enabling Turkish companies to sourcethe products they need from a different supply channel.

Contribution to Turkey-Malaysia trade relations

In addition to this agreement, which was signed during the official visit of theMalaysian prime minister to Turkey on January 6-8, several memoranda aimed at enhancing technology transfer and tradebetween the two countries were also concuded. The target of increasing the bilateral trade volume from s5 bilion to $10 bilionbetween Turkey and Malaysia was also formally confirmed.

• [Editor:Alakay]