The Iron and Steel industry has investments in many countries. To protect these investments from potential damage during periods of unrest in those countries, it is necessary to secure insurance, particularly in politically risky regions. The need for indemnification of damages arises in such cases. Knowing that these investments will not suffer losses when a risk environment emerges can facilitate investment decisions.

Minimizing risks allows investors to make investment decisions more easily. Insurance plays a crucial role in establishing a reliable supply chain mechanism.

Our companies contribute to the development of our country through the production of heavy machinery, transportation, construction, household appliances, automotive, and shipbuilding. According to the latest data, global crude steel production increased by 5.9% in the first 10 months of 2021, while production in Turkey increased by 14.2%. In the first 9 months of 2021, the construction sector grew by 3.2%, the manufacturing industry by 28%, and the steel sector by 20.6%. In the first 10 months of 2021, exports reached 16.6 million metric tons, and imports were at 12.9 million metric tons, with the export-to-import ratio improving from 110% to 115%.

As the Iron and Steel industry grows, so do the associated risks, creating a need for risk management professionals in this field. At NART Insurance and Reinsurance Brokerage, our expert teams provide solutions to address the risks emerging in the Iron and Steel industry. As NART, we are equipped to manage a wide range of risks associated with the Iron and Steel industry, including fire, earthquake, loss of profit, workplace accidents, third-party liabilities, and, most importantly, political risks. With the strength of our global networks, we have the ability to access global insurance markets and offer proposals to our clients.