Turkey’s finished steel output and consumption rise in Q1
Finished steel output in Turkey in the January-March period this year increased slightly by 0.2 percent to 8.8 million mt, while domestic finished steel consumption rose by a stronger margin of nine percent to 7.87 million mt, both year on year, according to a report released by the Turkish Iron and Steel Producers’ Association (TCUD).
As stated in the report, in the first quarter this year Turkey’s long product output totaled 6.44 million mt, up 1.1 percent, and its flat product output declined by 2.3 percent to 2.36 million mt, both on year-on-year basis. Meanwhile, 73.2 percent of the total finished steel output consisted of long products and 26.8 percent was accounted for by flat products.
In the January-March period, consumption of long products in Turkey increased by 4.8 percent to 3.94 million mt, while flat product consumption rose by 13.7 percent to 3.93 million mt, year on year. In the given period, 50.1 percent of total finished steel consumption was for long products, while 49.9 percent was accounted for by flat products.