Türkiye’s iron and steel exports rise in March despite decline in overall exports

According to March data, when the iron and steel and ferrous and non-ferrous metals sectors are evaluated together, export volume reached $2.7 billion, accounting for 13.8% of Türkiye’s total exports.

In the March performance of the Mediterranean Exporters’ Association of Ferrous and Non-Ferrous Metals (ADMIB), exports of ferrous and non-ferrous metals decreased by 10.1% to $61 million, while steel exports increased by 27.1% to $244 million.

Nationwide, Romania ranked first among Türkiye’s steel export destinations in March, followed by Italy, Germany, Bulgaria, and the United Kingdom. Among the top 10 markets, the highest increases were recorded in the United Kingdom (45%), Bulgaria (43%), and Greece (21%).

Romania also ranked first in ADMIB’s March exports, followed by Italy, Greece, Bulgaria, and the United Kingdom. The most notable increases in the Association’s exports were recorded in Bulgaria (1204%), Portugal (839%), the United Kingdom (226%), and Greece (198%).

Commenting on the March data, ADMIB Chairman Rahmi İncetan stated:
“Significant increases, particularly in European countries, indicate that our market diversification strategy is delivering results. In this period of rising geopolitical risks, we continue to support our exports through our flexible production structure and our ability to quickly shift toward alternative markets.”

“Despite calendar effects and geopolitical developments in the region, our Association delivered a strong performance in March. The increases observed in neighboring and alternative markets are remarkable and demonstrate the resilience of our sector in a period of ongoing global trade uncertainties.”

“Despite uncertainties in global trade flows, we achieved a performance above Türkiye’s average in March. Strong increases in markets such as Romania, Greece, Bulgaria, and the United Kingdom confirm that our market diversification strategy is progressing in the right direction. In this period of heightened geopolitical risks, we will continue to support our exports with our flexible production structure and rapid adaptation to alternative markets. We remain committed to enhancing our competitiveness, expanding into new markets, and increasing the share of value-added products.”