Turkey’s crude steel production this October jumped 19.4% from same month last year, a trade group data said on Wednesday.
Production totaled 3.2 million tons in the month, the Turkish Steel Producers’ Association (TCUD) said. “The figure raised optimistic expectations for the last months of the year,” it said.
29.1 MILLION TONS OF CRUDE STEEL WERE PRODUCED
The volume of the country’s steel product exports slipped 1.6% to 1.5 million tons during the same period. But steel imports rose 2.2% to 963,000 tons, while in terms of value, they dropped 3.1% to $628 million.
Citing World Steel Association (worldsteel) data, the group said global crude steel output this October rose 7% year-on-year to 161.9 million tons.
Some 29.1 million tons of crude steel were produced in Turkey this January-October, an annual rise of 4.2%.
The country’s steel exports dropped 10.5% to 13.3 million tons while imports surged 8.2% to 10.4 million tons in the same period.