Turkey’s crude steel output at 2.9M tons in July
Crude steel production in Turkey fell 10.6 percent on an annual basis, reaching
2.9 million tons in July, the Turkish Steel Producers’ Association (TCUD) announced on September 5. The country’s steel export volume rose 5.7 percent to 1.9 million tons during the same period, TCUD said. However, the value of steel exports slipped 4.5 percent to $18.6 billion due to falling prices. Meanwhile, the country’s steel imports rose
7.8 percent to 1.1 million tons. Turkey paid $890 million for imports. Citing World Steel Association data, the group noted global crude steel production reached 156.7 million tons in July, up 1.7 percent from the same month last year. Turkey’s crude steel output in the first seven months of this year also saw an annual decrease of 10.2 percent to hit 19.9 million.
The country’s steel exports stood at 13.1 million tons in January-June, up 13.5 percent from same period last year.