Turkey's crude steel production decreased by 20.6% in April and ranked 10th

Turkey dropped to 10th place in April

Turkish Steel Producers Association announced its report for April. According to the report, world crude steel production decreased by 2.4% in April 2023 compared to the same period of the previous year and amounted to 161 million 377 thousand tonnes. Turkey produced 2 million 678 thousand tonnes of crude steel in April with a decrease of 20.6% compared to the same month of the previous year and ranked 10th.

Finished steel production in Turkey decreased by 7.4% y-o-y to 3.2 million tonnes

In April, crude steel production decreased by 20.6% y-o-y, while finished steel production decreased by 7.4% y-o-y to 3.2 million tonnes. The lower level of decrease in finished products production compared to crude steel production stemmed from the 30.4% increase in imports. Finished product consumption increased by 16.2% to 3.5 million tonnes.

Consumption increased despite the decrease in flat product production

In April, flat product production decreased by 11.3% to 1.2 million tonnes, while flat product consumption increased by 4.6% to 1.7 million tonnes. Long product production decreased by 4.8% and consumption increased by 30%.

Additional evaluations are expected in the press release issued by the Association.