According to a statement released by the Turkish Iron and Steel Producers' Association (TCUD), rises in steel prices and profit margins in recent months have had positive impacts on steel output in Turkey.
Turkish crude steel output in March this year increased by 15.2 percent month on month and was up by 1.3 percent year on year to 2.73 million mt. In the given month, Turkey’s crude steel output by electric arc furnaces declined by 0.7 percent year on year to 1.76 million mt, while crude steel output by integrated plants rose by 5.2 percent year on year to 970,000 mt.
Meanwhile, in the first quarter of the current year Turkey's crude steel production increased by 1.9 percent year on year to 7.70 million metric tons. In the given period, Turkey's crude steel output by electric arc furnaces declined by 1.8 percent to 4.93 million metric tons, while production by integrated plants increased by 9.4 percent to 2.76 million metric tons, both year on year.
In the first quarter of this year, Turkey's billet output increased by 0.9 percent to 5.53 million metric tons, while its slab output rose by 4.8 percent to 2.17 million metric tons, both on year-on-year basis.