Turkish crude steel output falls in May

Posted on 20 June 2019
 

Source: Kallanish

Turkish crude steel production fell -8% on-year in May to 3.06 million tonnes, although this was slightly higher than 3.04mt in April, according to the Turkish Steel Producers Association (TCUD).

Electric arc furnace-based output declined -7% on-year in May and BOF-based production fell -10.6%, TCUD says without providing tonnages.

In January-May crude steel output thus fell -10% on-year to 14.3mt. EAF output was down -13.3% to 9.56mt and BOF output declined -2.3% to 4.74mt.

Four-month billet production slumped -17.8% to 8.8mt, but slab output grew 6.3% to 5.5mt.

TCUD said earlier this month the potential imposition by the EU of country-based safeguard quotas for hot rolled flat products imports would further hurt Turkey’s already declining exports (see Kallanish passim).

Besides slowing domestic steel consumption, reduced Turkish rebar demand in export markets due to protectionism has been a major factor behind lower output. Expectations of a Turkish rebar deal to the US following the latter’s reduction of duty on Turkish steel last month are yet to materialise. Turkish HR flats exports have been less affected due to the EU having a global quota on imports of these products.

    



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