Türkiye Lifts July Crude Steel Output 7% to 3.4 Million Tons as Imports Drop 19.7%
Updated
Updated · Daily Sabah · Aug 30
Türkiye Lifts July Crude Steel Output 7% to 3.4 Million Tons as Imports Drop 19.7%
1 articles · Updated · Daily Sabah · Aug 30
Summary
3.4 million tons of crude steel were produced in Türkiye in July, up 7% from a year earlier and extending the sector’s gains after a strong first half.
23.2 million tons were produced in January-July, a 7.9% annual increase, even as finished steel consumption fell 5.1% in July to 3.5 million tons; seven-month consumption still rose 4.7% to 23.3 million tons.
1.2 million tons of steel products were exported in July, up 2.9%, while export value rose 4.4% to $827.3 million; imports fell 19.7% to 1.5 million tons, cutting the monthly trade gap.
82.1% was the January-July export-to-import ratio, up from 76.9% a year earlier, as seven-month exports reached 9 million tons and imports totaled 10.7 million tons.
TÇÜD said an 85% jump in exports to South America helped overall shipments, but warned EU quotas could cut exports by about 4 million tons and urged safeguards against rising Chinese steel imports.