Economy

Turkey: Crude steel production at 13.5M tons in Jan-May

Country's steel export volume fell 18.5% on annual basis to 8M tons in first 5 months

Tuba Şahin   | 01.07.2020
Turkey: Crude steel production at 13.5M tons in Jan-May

ANKARA 

Turkey's crude steel output reached 13.5 million tons in the first five months of this year, a trade association said Wednesday.

The January-May figure was down 5.6% from the same period last year due to the coronavirus pandemic, the Turkish Steel Producers' Association (TCUD) said.

The volume of the country's steel product exports saw a decline of 18.5% to 8 million tons during the same period.

Falling 22.8% year-on-year, Turkey's earnings this January to May from steel exports totaled $5.6 billion.

Steel imports rose 1.4%, reaching 5 million tons in the same period. In terms of value, crude steel imports dropped 8.3% on an annual basis to $3.8 billion.

Citing World Steel Association data, the group said global crude steel production fell 5.2% to 729 million tons in the same period.

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