Turkey’s finished steel output and consumption up in H1

Thursday, 02 August 2018 16:52:07 (GMT+3)   |   Istanbul

In the first half of this year, finished steel output in Turkey increased by nine percent year on year to 20.5 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 12.6 million mt, up 0.6 percent, and its flat product output grew by 25.8 percent to 8 million mt, both on year-on-year basis.

Finished steel consumption in Turkey in the January-June period of this year increased by 11.5 percent year on year to 18 million mt.

In the first half of the current year, consumption of long products in Turkey rose by 4.6 percent to 8.4 million mt, while flat product consumption was up by 18.3 percent to 9.6 million mt, both year on year. In the given period, 47 percent of total finished steel consumption was for long products, while 53 percent was accounted for by flat products.

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