Turkey’s finished steel output and consumption decrease in Q1

Thursday, 02 May 2019 15:03:02 (GMT+3)   |   Istanbul
       

In the first quarter of this year, finished steel output in Turkey decreased by 25 percent year on year to 7.8 million mt, according to the Turkish Iron and Steel Producers' Association (TCUD).

As stated in the TCUD report, in the given period Turkey's long product output totaled 4.3 million mt, down 34.1 percent, and its flat product output fell by 9.4 percent to 3.5 million mt, both on year-on-year basis.

Finished steel consumption in Turkey in the first quarter of this year decreased by 38.7 percent year on year to 5.4 million mt.

In the first quarter of this year, consumption of long products in Turkey fell by 50 percent to 2.1 million mt, while flat product consumption was down by 28.6 percent to 3.3 million mt, both year on year.

 


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