Finished steel output in Turkey in the January-February period this year increased by six percent compared to the same period of last year, to 5.8 million mt, according to the Turkish Iron and Steel Producers' Association (TCUD).
As stated in the report, in the first two months of this year Turkey's long product output totaled 4.18 million mt, up 4.9 percent, and its flat product output grew by 8.6 percent to 1.7 million mt, both on year-on-year basis. Meanwhile, 71.1 percent of the total finished steel output consisted of long products and 28.9 percent was accounted for by flat products.
Finished steel consumption in Turkey in the January-February period of 2016 rose by 11.7 percent year on year, following 11.7 percent growth in 2015.
In the January-February period, consumption of long products in Turkey increased by 11.7 percent to 2.62 million mt while flat product consumption rose by 11.7 percent to 2.8 million mt, both year on year. In the given period, 52.5 percent of total finished steel consumption consisted of flat products.