Turkey's crude steel output down 0.3 percent in H1

Wednesday, 16 July 2014 12:25:39 (GMT+3)   |   Istanbul
       

In June this year, Turkey's crude steel output increased by 6.7 percent year on year and by 2.7 percent compared to May to 3.12 million metric tons, despite the slack demand caused by Ramadan, the crisis in Iraq, and competition from the Chinese in the long steel market, according to the Turkish Iron and Steel Producers' Association (TCUD). In the given month, Turkey's crude steel output by electric arc furnaces decreased by 4.7 percent month on month, but increased by 0.4 percent year on year to 2.08 million metric tons, while production by blast furnaces increased by 21.5 percent month on month and by 22 percent year on year to 1.05 million metric tons.
 
Meanwhile, in the first half of this year Turkey's crude steel output recorded a decrease of 0.3 percent year on year, totaling 17.26 million mt. In the given period, Turkey's crude steel production by electric arc furnaces and blast furnaces both declined by 0.3 percent to 12.15 million metric tons and 5.11 million metric tons respectively, both on year-on-year basis.
 
In the first half of this year, Turkey's billet output decreased by 2.4 percent to 12.72 million mt, while the country's slab output increased by 6.1 percent to 4.54 million mt, both on year-on-year basis.

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