Turkish steel output is rising in 2017

The Turkish Steel Producers Association (TCÜD) has announced an 11.5 percent boost in Turkey’s steel output in 2017 compared with the year before.

According to an online report from the Istanbul-based Hürriyet Daily News, the TCÜD says Turkey’s crude steel production rose 11.5 percent in the first five months of 2017 compared with the same period in 2016. Turkey produced 15.1 million metric tons of steel from January to May 2017, according to the TCÜD.

The TCÜD passed the figures on to Brussels-based World Steel Association (WorldSteel), which lists Turkey as the world’s eighth largest crude steel producer so far in 2017, behind only Russia and Germany in Europe.

According to the Hürriyet article, Turkey’s steel export volume rose by 22.5 percent in the first five months of 2017 compared with a year earlier, reaching 8.5 million metric tons.   

Steel imports into Turkey, on the other hand, fell by 20.3 percent in early 2017 compared with the prior year, dropping to 6.4 million metric tons.

Turkey’s internal consumption of steel has fallen by 10.3 percent year on year (to 12.22 million tons), meaning the export market is supporting the rise in output so far in 2017.