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Turkey’s finished steel output and consumption increase in Q1

Tuesday, 03 May 2016 17:05:52 (GMT+3)   |   Istanbul
       
In the first quarter this year, finished steel output in Turkey increased by 5.3 percent year on year to 9.1 million mt, while Turkish crude steel production recorded a year-on-year rise of 1.9 percent to 7.67 million mt, according to the Turkish Iron and Steel Producers' Association (TCUD). 
 
As stated in the report, in the first three months of this year Turkey's long product output totaled 6.5 million mt, up 5.4 percent, and its flat product output grew by five percent to 2.5 million mt, both on year-on-year basis.
 
Finished steel consumption in Turkey in the first quarter of this year rose by 9.3 percent year on year to 8.5 million mt.
 
In the January-March period, consumption of long products in Turkey increased by 13.13 percent to 4.2 million mt, while flat product consumption rose by 5.6 percent to 4.2 million mt, both year on year.

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