Turkish Steel Producers Association announced data on flat steel products for February

In February, flat steel production decreased by 34.8 percent compared to the same period of the previous year, to 760/t.

When the consumption data is analyzed, it was announced as 1,245/t, decreasing by 27.1 percent compared to the same period of the previous year.

According to the announced data, the country with the highest flat product import was Russia. With 268,229/t, an increase of 20 percent was seen compared to the same period of the previous year. Despite this, the decrease in costs was remarkable. Costs, which were $268,229 in February last year, were recorded as $188,720 this year, down 29.6 percent. In the import order, Russia is respectively; China, South Korea, Japan, Indonesia and Taiwan followed.

When the foreign trade data of the Turkish Steel Producers Association for flat products announced for February 2023 is analyzed, it is observed that the import data decreased by 33.2 percent on a ton basis compared to the same period of the previous year, to 215,982/t. In export data, the current situation was 709,890/t with a decrease of 19.2 percent.

Compared to last year, total costs for exports were updated to $215,982, a 49.9 percent depreciation. Import costs fell 39.4 percent to $664,922.