Turkey’s finished steel output and consumption increase in Jan-Oct

Tuesday, 01 December 2015 16:46:24 (GMT+3)   |   Istanbul
       

Finished steel output in Turkey in the January-October period this year increased by 3.9 percent year on year to 31.12 million mt, according to a report released by the Turkish Iron and Steel Producers' Association (TCUD).
 
As stated in the report, in the first ten months of the current year Turkey's long product output totaled 22.33 million mt, up four percent, and its flat product output grew by 3.7 percent to 8.8 million mt, both on year-on-year basis. Meanwhile, 71.7 percent of the total finished steel output consisted of long products and 28.3 percent was accounted for by flat products. 
 
In the January-October period, consumption of long products in Turkey increased by 12.4 percent to 15.12 million mt, while flat product consumption rose by 14.5 percent to 13.75 million mt, both year on year. In the given period, 52.4 percent of total finished steel consumption was for long products, while 47.6 percent was accounted for by flat products.

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