Turkey's crude steel output on rise in January

Posted on 03 March 2020

Source: Yeni Şafak

Turkey's crude steel production surged 17.3% year-on-year to 3 million tons in January, according to a trade association on Monday.


The country's steel products exports showed a moderate rise of 0.6% to 1.9 million tons during the same period, the Turkish Steel Producers' Association (TCUD) said in a statement.


The country received $1.3 billion revenue from steel exports, falling 5.5% on an annual basis in January.


The volume of steel imports jumped 48.6% to 1.4 million tons during the same period. In terms of value, crude steel imports increased 17.7% year-on-year to $950 million.


Citing World Steel Association data, the group said global crude steel production hit 154 million tons in January, climbing 2.1% compared to same month in 2019.


Turkey was the 7th largest crude steel producer worldwide, it said, adding that the country posted the second highest rise (with 17.3% rise) after Iran in the month.


Crude steel is an unrefined metal used in the construction industry. 

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