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Turkey’s finished steel output and consumption rise in Q1

Tuesday, 05 May 2020 15:25:38 (GMT+3)   |   Istanbul
       

In the first quarter of this year, finished steel output in Turkey increased by 19.8 percent year on year to 9.34 million mt, according to the Turkish Iron and Steel Producers' Association (TCUD).

As stated in the TCUD report, in the given period Turkey's long product output totaled 5.68 million mt, up 25.3 percent, and its flat product output rose by 12.1 percent to 3.66 million mt, both on year-on-year basis.

Finished steel consumption in Turkey in the first quarter of this year advanced by 42.3 percent year on year to 7.72 million mt.

In January-March period of this year, consumption of long products in Turkey increased by 43.9 percent to 3.36 million mt, while flat product consumption was up by 41.1 percent to 4.36 million mt, both year on year.


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