In the January-July period of this year, finished steel output in Turkey increased by 2.3 percent year on year to 21.88 million mt, according to the Turkish Iron and Steel Producers' Association (TCUD).
As stated in the report, in the first seven months of this year Turkey's long product output totaled 15.68 million mt, up 3.5 percent, and its flat product output narrowed by 0.6 percent to 6.20 million mt, both on year-on-year basis.
Finished steel consumption in Turkey in the January-July period this year rose by 5.2 percent to 20.83 million mt percent from 19.8 million mt recorded in the same period last year, but was slower than the growth rate of 6.3 percent registered in the January-June period of the current year, reflecting the slowdown in domestic finished steel consumption in July this year.
In the first seven months of the current year, consumption of long products rose by 6.43 percent to 10.7 million mt, consumption of flat steel products of the country rose by four percent to 10.14 million mt. In the mentioned period, 51.3 percent of total finished steel consumption was for long products.