Finished steel output in Turkey in the January-August period this year increased by 3.5 percent year on year to 24.78 million mt, according to a report released by the Turkish Iron and Steel Producers' Association (TCUD).
As stated in the report, in the first eight months of the current year Turkey's long product output totaled 17.67 million mt, up 1.6 percent, and its flat product output grew by 8.3 percent to 7.1 million mt, both on year-on-year basis. Meanwhile, 71.3 percent of the total finished steel output consisted of long products and 28.7 percent was accounted for by flat products.
In the January- August period, consumption of long products in Turkey increased by 8.4 percent to 11.81 million mt, while flat product consumption rose by 19.7 percent to 11.13 million mt, both year on year. In the given period, 51.5 percent of total finished steel consumption was for long products, while 48.5 percent was accounted for by flat products.