In the first two months of this year,
Turkey's finished steel output increased by 0.7 percent to 5.65 million metric tons, despite the 0.1 percent decrease in the country's crude steel output in the given period to 5.36 million metric tons, both on- year-on-year basis, according to a report released by the Turkish Iron and Steel Producers' Association (TCUD).
Meanwhile, in the first two months of the current year
Turkey's long products output increased by 0.8 percent to 3.97 million metric tons and flat products output increased by 0.6 percent to 1.68 million metric tons, both on year-on-year basis. Meanwhile, 70.3 percent of the total finished steel output consisted of long products and 29.7 percent was accounted for by flat products.
As stated in the report, despite the increase in finished steel output, in the January-February period this year
Turkey's finished steel
consumption decreased by 3.3 percent to 4.57 million metric tons against a difficult economic backdrop. In the given period,
consumption of long products in the country decreased by 7.4 percent to due to the contraction in the construction sector, while flat product
consumption increased by 0.9 percent to 2.34 million metric tons. In the given period, 48.9 percent of total finished steel
consumption was for long products and 51.1 percent was accounted for by flat products.