{"id":609651,"date":"2026-08-30T23:40:16","date_gmt":"2026-08-30T23:40:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/609651\/"},"modified":"2026-08-30T23:40:16","modified_gmt":"2026-08-30T23:40:16","slug":"turkiyes-crude-steel-production-rises-7-in-july","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/609651\/","title":{"rendered":"T\u00fcrkiye’s crude steel production rises 7% in July"},"content":{"rendered":"

T\u00fcrkiye’s steel industry maintained a positive momentum in production in July after a positive first half of the year,<\/a> with output rising 7% on an annual basis, according to a report on Saturday.<\/p>\n

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.<\/p>\n

According to the figures released by the Turkish Steel Producers Association (T\u00c7\u00dcD), production rose by 7.9% to 23.2 million tons in the first seven months of the year overall.<\/p>\n

T\u00c7\u00dcD, 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.<\/p>\n

Foreign trade in steel products<\/p>\n

Steel product exports, on the other hand, increased by 2.9% year-over-year in July in volume terms, reaching 1.2 million tons, while their value rose by 4.4% to $827.3 million.<\/p>\n

During the January-July period, exports rose by 2.4% on a yearly basis in volume terms to 9 million tons, while their value rose by 1.6% to $6.1 billion.<\/p>\n

Imports in July fell by 19.7% year-over-year in volume terms to 1.5 million tons, while their value declined by 17.6% to $1.1 billion.<\/p>\n

In the first seven months of the year, imports decreased slightly by 3% year-over-year in volume terms to 10.7 million tons, while their value dropped by 4.9% to $7.4 billion.<\/p>\n

The ratio of exports to imports, which stood at 76.9% in the January-July period last year, thus improved to 82.1% during the same period this year.<\/p>\n

In a statement, T\u00c7\u00dcD Secretary General Veysel Yayan said the increase in production demonstrated that the sector had strengthened its production performance during the first seven months of the year.<\/p>\n

Yayan noted that an 85% increase in exports to South America, which reached 762,000 tons, had a positive impact on total steel product exports.<\/p>\n

Protection measures, EU exports<\/p>\n

However, “all these developments do not yet fully reflect the negative consequences of the quota system, which is expected to lead to a contraction of approximately 4 million tons in our exports to the EU,” he said.<\/p>\n

“In the coming months, the contraction in our exports to the EU is expected to accelerate,” he added.<\/p>\n

“On the other hand, the presence of Chinese-origin steel products in the Turkish market continues to increase, with steel imports from China reaching approximately 2.5 million tons during the first seven months of the year,” Yayan noted.<\/p>\n

“In this context, we believe that implementing safeguarding measures in T\u00fcrkiye, similar to those already being applied in various countries, particularly the EU, the U.S., Mexico, and Canada, would make a significant contribution to increasing capacity utilization rates, supporting domestic production, economic growth, and employment.”<\/p>\n

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