Finished Steel Production and Consumption Tarih: 23 January 2017

In 2016 Turkey’s crude steel output grew by % 5.2. However, as the widening of scrap/iron ore spread stopped, consumption of imported semi finished products has shown declining tendency and total finished steel output declined by 0.2 % from 36.94 mt to 36.88 mt. Long steel output dropped to 26.01 mt, down by 2 %, while flat steel output increased by 4.3 %. to 10.87 mt. Last year 70.5 % of total finished steel output consisted of long products, while 29.5 % consisted of flat products.

After growing considerably by 11.8 % in 2015, Turkey’s apparent finished steel consumption fell by 0.9 % in 2016. The year-end -0.9 % decline of Turkey’s steel consumption, which increased by 6.3 % in the first half of 2016, was caused by economic and political instability in the second half of the year. Throughout 2016, long steel consumption decreased by 1.7 % to 17.6 mt, while flat steel consumption stayed unchanged at 16.45 mt. Last year 52 % of Turkey’s total steel consumption consisted of long products, 48 % consisted of flats. Turkey’s finished steel production/ consumption ratio, declined from the 2009 level of 139 % to 108 %.