Turkey’s finished steel output and consumption increase in H1

Monday, 01 August 2016 16:57:50 (GMT+3)   |   Istanbul
       

In the January-June period of this year, finished steel output in Turkey increased by three percent year on year to 18.89 million mt, according to the Turkish Iron and Steel Producers' Association (TCUD). 
 
As stated in the report, in the first six months of this year Turkey's long product output totaled 13.63 million mt, up 3.8 percent, and its flat product output grew by 0.9 percent to 5.26 million mt, both on year-on-year basis. Meanwhile, 72 percent of the total finished steel output consisted of long products and 28 percent was accounted for by flat products. 
 
Finished steel consumption in Turkey in the January-June period of this year rose by 6.3 percent year on year, slowing down compared to the growth rate in the January-May period, to 18 million mt.
 
In the first six months of the current year, consumption of long products in Turkey increased by 6.75 percent to 9.3 million mt, while flat product consumption rose by 5.9 percent to 8.7 million mt, both year on year. In the given period, 51.6 percent of total finished steel consumption was for long products, while 48.4 percent was accounted for by flat products.


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