Turkey’s crude steel output climbed 20.6pc in H1 2021 and 17.9pc in June this year according to Turkish Steel Producers Association (TCUD) data.
Production volumes
The country’s production volume of the material stood at 19.7mn mt from January-June and 3.4mn mt in June 2021 compared with the same corresponding timeframes last year.
Consumption
Turkey consumed 17.4mn mt of finished products in H1 2021, a 29.4pc jump from 13.4mn mt during the same year-ago period. The country’s June consumption was almost flat with a 1.5pc rise to 2.5mn mt from the same month last year.
Exports
The country’s steel exports soared by 64.9pc to $6.7bn, translating to a 17.1pc jump in volumes to 9.2mn mt in H1 2021. Turkey’s June exports were valued at $1.4bn a 94.7pc increase with volumes up 17.8pc tallying at 1.8mn mt.
Imports
Turkey’s steel imports were worth $6.6bn, signifying an 80pc increase from January-June 2021, bringing total volumes to 8.2mn mt, a 35.3pc climb from the same period in the prior year. The country imported 49.9pc or $1.1bn more in cargo value this June, which translated to 12.9pc fewer volumes at 1.2mn mt from the same month in the previous year.
Global steel production volumes for June 2021 were up 11.6pc at 167.9mn mt.