Press Release November 2025
STEEL PRODUCTION
In November 2025, Turkey's crude steel production increased by 10% compared to the same month last year, reaching 3.3 million tons. In the January-November period, production increased by 2%, reaching 34.6 million tons.
STEEL CONSUMPTION
Final product consumption in November 2025 increased by 0.5% compared to the same month in 2024, reaching 3.7 million tons. In the January-November period, final product consumption increased by 2.4%, reaching 35.9 million tons.
FOREIGN TRADE
Export
In November 2025, steel product exports increased by 22.2% in quantity compared to the same month in 2024, reaching 1.2 million tons, and by 9.8% in value, reaching 774.8 million dollars. In the January-November period, steel product exports increased by 13.3% in quantity compared to the same period in 2024, reaching 13.7 million tons, and by 4.5% in value, reaching 9.3 billion dollars.
Import
In November 2025, steel product imports decreased by 3.5% in quantity compared to the same month in 2024, reaching 1.7 million tons, and by 5.2% in value, reaching 1.1 billion dollars. In the January-November period, steel product imports increased by 11.8% in quantity compared to the same period in 2024, reaching 17.4 million tons, and by 0.9% in value, reaching 12.1 billion dollars.
Foreign Trade Balance
In the January-November period of 2024, the export-to-import coverage ratio was 74.1%, which increased to 76.8% in the same period of 2025.
WORLD STEEL PRODUCTION
According to the November 2025 data announced by the World Steel Association (worldsteel), global crude steel production decreased by 4.6% compared to the same month last year, reaching 140.1 million tons, and in the January-November period, it decreased by 2% compared to the previous period, reaching 1.6 billion tons. China's crude steel production, which decreased by 10.9% in November to 69.9 million tons, decreased by 4% in the January-November period compared to the same period last year, reaching 891.7 million tons. India's crude steel production, which ranks second, increased by 10.3% to 150.1 million tons, while the production of the United States, which ranks third, increased by 3.2% to 75.1 million tons.
EVALUATION
Turkey's crude steel production increased by 10% on a monthly basis in November 2025, reaching 3.3 million tons, with the impact of a 22% increase in exports, achieving the highest growth rate in the period. After moderate increases in the third quarter, the increase in exports by 18% and 22% in October and November, respectively, raised steel product exports by 13.3% to 13.7 million tons in the 11-month period. In contrast, imports increased by 11.8%, and for the first time this year, fell behind the growth rate of exports, reaching 17.4 million tons. The increase in imports was influenced by China's efforts to direct its surplus production to international markets, the decline in domestic consumption, and the increase in Russia's exports, which have limited access to markets, especially our country, due to sanctions imposed after the invasion of Ukraine.
In the January-November period of 2025;
- Steel product imports from Russia increased by 44% to 4.1 million tons,
- Steel product imports from China increased by 19.4% to 4 million tons.
China, which has the largest share in the formation of global steel overcapacity, is expected to continue increasing its exports, reaching 120 million tons by the end of the year. On the other hand, China's steel demand is projected to decrease by 2% in 2025 and an additional 1% in 2026, and it is assessed that the export pressure from China will not ease in the short term. As we enter 2026, there is concern that, in addition to the import pressure, the new safeguard measures that the European Union Commission plans to implement in the second half of the year will cause significant damage to our steel sector's exports. In addition to the proposed new safeguard measure, the EU Commission plans to expand the scope of the CBAM, which will officially come into effect on January 1, 2026, initially covering five sectors: steel, aluminum, cement, fertilizer, and electricity, to include derivative products. Taking measures within the framework of reciprocity principles against approaches that largely bring free trade to a halt is of vital importance for our steel sector.