According to a statement released by the Turkish Iron and Steel Producers' Association (TCUD), thanks to the positive impact of the rises in steel prices in recent months, the increases in Turkey’s steel output have been gaining momentum. After the increases in steel prices in the last three months, the steel sector in Turkey has stabilized with steel production also expected to stabilize while prices rise at a slower rate, as stated by the TCUD.
Turkish crude steel output in April this year increased by 5.8 percent month on month and was up by 5.3 percent year on year to 2.9 million mt. In the given month, Turkey’s crude steel output by electric arc furnaces rose by 7.9 percent year on year to 1.93 million mt, while crude steel output by integrated plants increased by 0.3 percent year on year to 953,000 mt.
Meanwhile, in the January-April period of this year, Turkey's crude steel production increased by 2.8 percent year on year to 10.58 million metric tons. In the given period, Turkey's crude steel output by electric arc furnaces rose by 0.8 percent to 6.87 million metric tons, while production by integrated plants increased by 6.9 percent to 3.72 million metric tons, both year on year.
In the four months of this year, Turkey's billet output increased by 0.9 percent to 7.56 million metric tons, while its slab output rose by 7.9 percent to 3.03 million metric tons, both on year-on-year basis.