Steel product exports of Türkiye totaled 1.4 million tons in September, down 42.1% in terms of value

November 24, 2022

STEEL MANUFACTURING IN TÜRKİYE

Türkiye produced 2.7 million tons of crude steel in September 2022, a 19% decline from the same month the year prior.

To 27.3 million tons in the first nine months of the year, production fell by 9.3%.

STEEL CONSUMPTION

The amount of final product consumed in September was 2.1 million tons, down 3.2% from the same month in 2021, while the total amount used through the first nine months of the year was 24.1 million tons, down 5.2%.

FOREIGN TRADE

Export

Steel product exports totaled 1.4 million tons in September, down 31.2% in terms of volume, and 1.1 billion dollars, down 42.1% in terms of value.

When compared to the same time in 2021, exports from January to September totaled 12.5 million tons, a 15% reduction in quantity, and 11.7 billion dollars, a gain of 0.2% in value.

Imports

In September, imports grew by 0.8% to 1.1 million tons but declined in value by 6.5% to $1.1 billion when compared to the same month in 2021.

In comparison to the same period in 2021, imports in the first nine months of 2022 totaled 11.3 million tons, a 5% decrease in quantity, and 12.4 billion dollars, a 17.6% increase in value.

While imports accounted for 32% of the consumption of steel products, they made up 50% of the consumption of flat products. 65.4 percent of all imports were made within the DIR’s purview.

Foreign Trade Balance

The ratio of exports to imports, which was 110.8% in the first 9 months of 2021, decreased to 94.5% in the same period of this year.

Source: Turkish Steel Producers Association
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