Turkey’s crude steel production slides in July

According to the Turkish Iron and Steel Producers’ Association (TCUD), Turkey’s crude steel production totaled around 2.7 million tons in July this year, falling by 21% compared to the same month a year ago.

During the period, Turkey’s steel imports dropped by 1.8% year on year to 1.3 million tons, the steel exports also slid by nearly 23% year on year to 1.2 million tons.

In the first seven months of this year, Turkey’s crude steel production amounted to roughly 22 million tons, down by 7% year on year. The import volume of steel during the period was down by 5.4% to 9 million tons, and steel exports dropped by 10% to 9.7 million tons, both on a year-on-year basis.