Tuesday, May 24
Turkey's crude steel production hits all-time high

Turkey's crude steel production hits all-time high

Production exceeds 40 million tons in 2021, according to the trade group data.
24.01.2022 - 14:42

Turkey's crude steel production increased by 12.7% to reach 40.4 million tons in 2021, according to the Turkish Steel Producers' Association (TCUD), hitting an all-time high.

The country's steel sector managed to end 2021 with positive figures despite global protectionist measures, raw material, energy shortage, and restrictions to reduce carbon emission.

UPWARD TREND

As of June 2020, Turkey's crude steel production entered an upward trend as the markets started to recover partially after declines due to the pandemic, the association said in a statement.

If the production losses due to natural gas and electricity cuts are curtailed, the statement said, it is expected that the vibrancy in the sector will continue this year thanks to increasing capacities through ongoing investments.