Finished steel output and
consumption in
Turkey declined in January this year on year-on-year basis, influenced by the slowdown in the Turkish economy and limited activity in the export markets, according to a report released by the Turkish Iron and Steel Producers' Association (TCUD).
As stated in the report, in January
Turkey's finished steel output decreased by 8.7 percent year on year to 2.74 million mt. In the given month,
Turkey's long product output totaled 2.1 million mt, down 1.4 percent, and its flat product output declined by 26.7 percent to 624,000 mt, both on year-on-year basis. Meanwhile, 76.6 percent of the total finished steel output consisted of long products and 23.4 percent was accounted for by flat products.
In January,
Turkey's finished steel
consumption decreased by 3.2 percent year on year to 2.48 million mt. In the month in question,
consumption of long products in
Turkey increased by 6.7 percent to 1.4 million mt, while flat product
consumption declined by 13.6 percent to 1.08 million mt, year on year. In the given month, 56.3 percent of total finished steel
consumption was for long products, while 43.7 percent was accounted for flat products.