Turkey’s finished steel output rises in Jan-July, consumption falls

Wednesday, 06 September 2017 15:55:00 (GMT+3)   |   Istanbul
       

In the January-July period of this year, finished steel output in Turkey increased by 3.1 percent year on year to 22.4 million mt, according to the Turkish Steel Producers' Association (TCUD). 

As stated in the TCUD report, in the first seven months of this year Turkey's long product output totaled 15 million mt, declining by four percent, and its flat product output grew by 21.3 percent to 7.4 million mt, both on year-on-year basis. 

Finished steel consumption in Turkey in the first seven months of this year fell by 3.8 percent year on year to 19.9 million mt. In the given period, 51 percent of total finished steel consumption was for long products, while 49 percent was accounted for by flat products.

In the January-July period of this year, Turkish consumption of long products fell by five percent to 10.1 million mt, while consumption of flat steel products decreased three percent to 9.8 million mt, both year on year.


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