Turkey's steel exports reach $11 billion

By Erhan Cihan Unal

ANKARA

Turkey's steel exports rose 12.5 percent year-on-year to reach 11.4 million tons in the first nine months of the year, a trade association said Wednesday.

The Turkish Steel Exporters' Association (CIB) revealed that the country earned $11 billion between January and September, up 34 percent compared to the same period last year.

In September, the country exported 2 million tons of steel, almost double compared to the same month last year.

Turkey’s steel exports soared to $1.4 billion last month, up 94.9 percent from September 2017.

Adnan Aslan, the head of CIB, said structural steel exports were the main export product of the sector.

"Construction steel exports rose 2.9 percent to 4.24 million tons. And its value also increased to $2.34 billion, up 31 percent," Aslan said.