Press Release October 2025

STEEL PRODUCTION

In October 2025, Turkey's crude steel production increased by 3.1% compared to the same month last year, reaching 3.2 million tons. In the January-October period, production increased by 1.2%, reaching 31.3 million tons.

STEEL CONSUMPTION

Final product consumption in October 2025 decreased by 7.2% compared to the same month in 2024, falling to 3.3 million tons. In the January-October period, final product consumption increased by 2.6%, reaching 32.2 million tons.

FOREIGN TRADE

Export

In October 2025, steel product exports increased by 18.7% in quantity, reaching 1.2 million tons, and by 8.2% in value, reaching 785.7 million dollars compared to the same month in 2024. In the January-October period, steel product exports increased by 12.6% in quantity, reaching 12.5 million tons, and by 4.1% in value, reaching 8.5 billion dollars compared to the same period in 2024.

Import

In October 2025, steel product imports decreased by 10.8% in quantity, reaching 1.5 million tons, and by 14.1% in value, reaching 1.0 billion dollars compared to the same month in 2024. In the January-October period, steel product imports increased by 13.8% in quantity, reaching 15.6 million tons, and by 1.6% in value, reaching 10.9 billion dollars compared to the same period in 2024.

Foreign Trade Balance

In the January-October period of 2024, the export-to-import ratio was 75.9%, which increased to 77.8% in the same period of 2025.

WORLD STEEL PRODUCTION

According to the data announced by the World Steel Association (worldsteel) for October 2025, global crude steel production decreased by 5.9% compared to the same month last year, reaching 143.3 million tons, and in the January-October period, it decreased by 2.1% compared to the previous period, reaching 1.5 billion tons. China's crude steel production, which decreased by 12.1% in October, was 817.9 million tons in the January-October period, a decrease of 3.9% compared to the same period last year. India's crude steel production, which ranks second, increased by 10% to 136.0 million tons, while the production of the United States, which ranks third, increased by 2.8% to 68.4 million tons.

EVALUATION

The increase rate in steel product exports, which was 18.2% in the first half of 2025, decreased to 1% in the third quarter due to the contraction in demand in steel markets, especially in the EU, and the import pressure from Russia, China, and Far East countries. The increase rate in imports, which was 12.4% in the first half of the year, rose to 27.5% in the third quarter. Our steel sector experienced competition difficulties in both domestic and foreign markets. In October, contrary to the third quarter outlook, an 18.7% increase in exports and a 10.8% contraction in imports were observed due to the decrease in consumption. Thus, as of the January-October period, exports increased by 12.6%, and imports increased by 13.8%. The high rate of increase in housing sales did not reflect on the consumption of construction steel, as the majority of the sold houses were second-hand. In October, long product consumption decreased by 8.9%, while the decline in flat steel consumption in the manufacturing industry remained at 0.1% due to the vitality observed in some sectors, especially automotive, in recent months. Since the decrease in inflation and interest rates has not yet sufficiently reflected on loan interest rates, it is evaluated that the gradual improvement trend in domestic consumption and production will continue in the last two months of the year, and despite the multi-faceted difficulties with the EU, 2026 will be a year in which indicators will improve more rapidly.