Export
In July, exports of steel products amounted to 1.2 million tons with a decrease of 22.8% in terms of quantity and 1.1 billion dollars with a decrease of 19.4% in terms of value.
In the January-July period, compared to the same period of 2021, exports amounted to 9.7 million tons with a decrease of 10.2% in quantity, and 9.4 billion dollars with an increase of 17.5% in value.
Imports
Compared to the same month of 2021, imports in July increased to 1.3 million tons with a decrease of 1.8% in terms of quantity and 1.5 billion dollars with an increase of 12.9% in terms of value.
In the first 7 months of 2022, compared to the same period of the previous year, imports amounted to 9.1 million tons with a 5.4% decrease in quantity and 10 billion dollars with an increase of 25.6% in value. The ratio of exports to imports, which was 100.6% in the first 7 months of 2021, decreased to 94% in the same period of this year.
Steel production in the world
According to the data of July 2022 announced by the World Steel Association (worldsteel), world crude steel production is 149 million tons with a decrease of 6,5% compared to the same month of the previous year, and 1.1 billion tons with a decrease of 5,4% in the first 7 months of the year. level took place.
In the first 7 months of the year, China's crude steel production decreased by 6.4 percent to 609 million tons compared to the same period of 2021, while India's crude steel production, which ranked second, increased by 8 percent to 73.3 million tons, compared to Japan's. production, on the other hand, decreased by 4,9% and became 53.3 million tons.
The decline in world crude steel production continued in July, among the top 10 crude steel producing countries in the world; A decrease was observed in the production of all countries except India and Iran.
While the decrease in world crude steel production was 6.5% in July, Turkey's production decreased by 20.7%. Thus, in terms of monthly production, our country dropped two levels in the world ranking compared to 2021, and ranked 9th behind Brazil.
The fact that the decrease in production continues at an accelerated pace raises concerns. In addition to the global adversities experienced in the decline in production, the products sent to our country at prices below $100-150/ton at international prices, with multi-faceted government support from Russia, put pressure on the domestic market, and as a result of our domestic producers' inability to compete with these prices, they cut or stopped their production. has been effective. This situation is also reflected in our capacity utilization rates. Our capacity utilization rate, which was 75.2% in July last year, decreased to 59.7% this year.
On the other hand, a decrease is observed in foreign trade figures in terms of quantity. While the decline in exports of steel products was 7.1 percent in the first half of the year, exports decreased by 22.8% only in July. On the other hand, the decline in imports remained at the level of 1.8% in July. As the decline in exports reached even more serious levels, the ratio of exports to imports decreased from 101% to 72% in July. Due to the 50% hike in energy prices on 31 August and the recession in export markets, especially in the European economy, there are concerns that the situation will worsen in the coming months.
Considering all these issues, in order to control the decrease in production and to maintain the export-based system, the increase in imports of semi-products from countries where state aid is intense, such as Russia, China and India, and within the scope of the inward processing regime, reduce the domestic input supply. and taking steps to increase the use of domestic inputs is of vital importance.
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