Türkiye’s steel output reaches 16.5 million tons in January–May
Türkiye produced 16.5 million tons of crude steel in the first five months of the year, marking a 6.8 percent year-on-year increase, according to data released by the Turkish Steel Producers’ Association (TÇÜD).
Steel consumption climbed 7.5 percent year-on-year to 16.7 million tons. Despite stronger domestic demand and production, the country’s steel exports weakened and imports remained elevated.
In May alone, crude steel production rose 8.9 percent year-on-year to 3.4 million tons. Steel consumption, however, edged down 1.1 percent year-on-year to 3.4 million tons.
During the first five months, export volumes fell 2.9 percent year-on-year to 6.1 million tons, while export revenues declined 4.7 percent year-on-year to $4.1 billion.
