Turkey’s crude steel output down 4.1 percent in March
Turkish crude steel output continued to decline in March this year due to pressure from idle capacities in the world steel industry, the increased prices of iron ore and scrap, the sluggishness of the Turkish economy and the reduction of the price gap between raw materials and finished steel, according to the Turkish Iron and Steel Producers’ Association (TCUD).
In March, Turkey’s crude steel production posted an increase of 15.2 percent month on month and a decrease of 4.1 percent year on year to 2.76 million mt. In the same month, Turrkey’s crude steel production by electric arc furnaces decreased by 14.5 percent year on year and increased by 13.1 percent month on month to 1.84 million mt, while the output of integrated plants increased by 26.5 percent year on year and 19.7 percent month on month to 922,000 mt.
Meanwhile, in the the first quarter of 2015, Turkey’s crude steel production decreased by 8.8 percent to 7.73 million mt, with crude steel production by electric arc furnaces declining by 12.2 percent to 5.21 million mt, while the output of integrated plants decreased by 0.9 percent to 2.53 million mt, both on year-on-year basis.