Türkiye’s crude steel production in November 2022 decreased by 30.7% compared to the same month of the previous year

January 13, 2023

STEEL PRODUCTION IN Türkiye

Türkiye’s crude steel production in November 2022 decreased by 30.7% compared to the same month of the previous year and became 2,4 million tons.

In the 11 months of the year, production decreased by 12.3% to 32.5 million tons.

STEEL CONSUMPTION

Final product consumption in November was 2.4 million tons with a decrease of 17.1% compared to the same month of 2021, and 29.5 million tons with a decrease of 4.3% as of 11 months of the year.

FOREIGN TRADE

Export

In November, exports of steel products amounted to 885 thousand tons with a decrease of 40.4% in terms of quantity and 771 million dollars with a decrease of 46.5% in terms of value.

In the January-November period, compared to the same period of 2021, exports decreased by 19.9% to 14.5 million tons, and decreased by 10.4% to $13.3 billion in value.

Imports

Compared to the same month of 2021, November imports amounted to 1.1 million tons with a decrease of 7.5% in terms of quantity and 1 billion dollars with a decrease of 24.5% in terms of value.

In the 11 months of 2022, imports amounted to 13.6 million tons with a decrease of 4% in terms of quantity and 14.5 billion dollars with an increase of 10.8% in terms of value compared to the same period of the previous year.

The share of imports in steel products consumption was 30.6%, while the share of imports in flat product consumption was 49.2%.

Foreign Trade Balance

The ratio of exports to imports, which was 114% in the 11 months of 2021, decreased to 92% in the same period of this year. The ratio of exports to imports in November decreased from 109% to 77.1%.

Source: Turkish Steel Producers Association
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