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04 Sep

Turkish production, consumption continue steep decline, exports increase

Turkish finished steel production fell -19.2% on-year in January-July to 19.3 million tonnes. Long steel production dropped drastically, by -24.6% to 11.7mt, while flat steel production was down -8.9% to 7.6mt, according to Turkish Steel Producers Association (TCUD) data monitored by Kallanish. The economic crisis in Turkey hit seven-month consumption of finished steel, which fell -30.5% to 14.5mt. As a result of the collapse in construction industry activi…
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