Türkiye's steel industry maintained a positive momentum in production in July after a positive first half of the year, with output rising 7% on an annual basis, according to a report on Saturday.
Crude steel production rose to 3.4 million tons in July, up 7% compared to the same period a year earlier, Anadolu Agency (AA) reported, citing sectoral data.
According to the figures released by the Turkish Steel Producers Association (TÇÜD), production rose by 7.9% to 23.2 million tons in the first seven months of the year overall.
TÇÜD, which also provides data on consumption and foreign trade, said that finished steel product consumption, meanwhile, declined by 5.1% year-on-year in July to 3.5 million tons. Meanwhile, consumption for the January-July period increased by 4.7% to 23.3 million tons.
Foreign trade in steel products
