Finished steel output in Turkey in the January-May period this year increased by 2.6 percent to 15.23 million mt, despite the year-on-year decrease in domestic crude steel production in the same period, according to a report released by the Turkish Iron and Steel Producers' Association (TCUD).
As stated in the report, in the first five months of the current year Turkey's long product output totaled 11 million mt, up 1.1 percent, and its flat product output grew by 6.7 percent to 4.23 million mt, both on year-on-year basis. Meanwhile, 72.3 percent of the total finished steel output consisted of long products and 27.7 percent was accounted for by flat products.
In the January-May period, consumption of long products in Turkey increased by 9.4 percent to 7.14 million mt, while flat product consumption rose by 19.4 percent to 6.74 million mt, both year on year. In the given period, 51.4 percent of total finished steel consumption was for long products, while 48.6 percent was accounted for by flat products.