Turkey's Crude Steel Production Increased in September

Turkey's Crude Steel Production Increased in September Turkey's crude steel production increased in September. Production in the country increased by 18 percent compared to the same month of the previous year and reached 3.2 million tons. Turkey's crude steel production showed an increase of 18 percent in September compared to the same month the months of 2019. With this increase, the production in the country reached 3.2 million tons. Turkish Steel Producers Association (TÇÜD), in September, and production for the January-September period, the share of consumption and foreign trade data. According to the announced data, crude steel production increased by 18 percent in September compared to the same month of the previous year to 3.2 million tons, and in the January-September period, it rose to 25.9 million tons with an increase of 2.6 percent compared to the same period of 2019. Finished steel consumption increased by 27.7 percent on an annual basis in September and reached 2.8 million tons. Consumption increased by 14.9 percent in the January-September period compared to the same period of 2019, and was recorded as 21.9 million tons.   Foreign Trade Data Turkey's steel product exports rose to 1.9 million tons in September, showing 0.8 percent increase in the amount of some worth some 1.3 billion dollars, down 3.9 percent fell to. In the January-September period, compared to the same period of 2019, exports decreased by 9.1 percent on amount to 15 million tons, and on value basis decreased by 14.7 percent to 10.4 billion dollars. Imports increased by 10.1 percent on quantity basis to 1.2 million tons in September compared to the same month of the previous year, and fell by 3 percent on value basis to 881 million dollars. In the January-September period, imports increased by 8.9 percent annually in terms of amount, 10 million tons, and fell by 4.9 percent in value to 7.2 billion dollars. While the ratio of exports to imports was 161 percent in 9 months of 2019, it was 144.4 percent in the same period of this year. On the other hand, according to the data released by the World Steel Association, world crude steel production increased by 2.9 percent in September 2020 compared to the same month of the previous year to 156.4 million tons, and fell by 3.2 percent in 9 months of the year to 1.4 billion tons. realized at the level. The World Steel Association is located in sector assessment in the description, which shows an upward trend of crude steel production in June with Turkey's reputation, also took place in September for expressions that continue this trend. It was noted that the capacity utilization rate was 78.2 percent in September and reached 69.8 percent in the 9-month period. Turkey's January-September period by 25.9 million tons, with production now in front of Germany, where the world's largest crude steel producer in 7th settled in well and Europe's largest steel producer to increase that underline the following statements were used: “Turkey has reached despite the decline around 10 percent in exports due to intensive conservation measures in this position, but our exports due to the increase of our falling imports of Turkish steel industry is able to evaluate partially sharp increase in steel consumption. This increase was a nuisance to be transferred out through imports. EU for steel While our exports of products decreased by 19.4 percent in 2019 and 24.9 percent in 9 months of 2020 due to intensive protection measures, our imports increased by 4 percent in 2019 and 0.8 percent in 9 months of 2020. The world's largest steel producer and the country of the consumer position, 17.9 percent of the EU's crude steel production, considering that Japan's percentage of 19.1 and the United States 19.2 percent decline, Turkey's steel consumption and shows in production that performance, it is a promising indicator for the future. In order for this indicator to be further improved in the coming months and to leave the 2017 figures behind, it is necessary to review the mechanisms that encourage imports, especially the inward processing regime, and to intensify the initiatives to remove protectionist practices in countries such as the USA and the EU.”