SectorsTurkey: Europe’s leading country in crude steel production

2021-02-02 14:02

Production for the whole year reached 35.8 million tons, an increase of 6 percent compared to the previous year.

According to the information compiled from the Steel Producers’ Association of Turkey (TÇÜD), crude steel production in the first half had declined by 4.1 percent compared to the same period of 2019 due to the outbreak last year. It rose by 16.6 percent in the third quarter and 16.2 percent in the last quarter. Production for the whole year reached 35.8 million tons, an increase of 6 percent compared to the previous year.

Crude steel production reached 3.4 million tons in December last year, increasing by 17.7 percent compared to the same month of 2019. During this period, there was a double-digit increase in consumption. Final product (crude steel) consumption increased by 42.7 percent in the first quarter of last year, and fell by 16.9 percent in the second quarter. It increased by 25.2 percent in the third quarter and by 6.6 percent in the last quarter. Thus, the consumption of finished products reached 29.4 million tons with an increase of 12.9 percent compared to the previous year in the whole last year, and decreased by 10.3 on an annual basis in December 2020 to 2.4 million tons.

Turkey becomes the largest producer in Europe

TÇÜD Secretary-General Veysel Yayan, said in a statement that production cuts due to the global pandemic in 2020, Turkey with its 35.8 million tons of crude steel production became Europe’s largest among the 15 largest steel producing countries, and world’s 7th major crude steel producer.

Stating that the sector closed 2020 with an increase in production despite the constricting effect of the pandemic and the obstacles caused by the protection measures in export markets, Yayan said “We anticipate that the increase in production will exceed the 2017 level by compensating the losses in the last 2 years.”

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