February 04, 2018
Turkey ranked first in the world with the highest increase in iron and steel production during the period between January January and July July. According to a statement issued by the Turkish Steel Producers ' union, the country has raised its iron and steel output by 13.6 percent in the first seven months of 2017 compared to the same period last year, according to the Turkish press. The growth rate in Turkey is the highest in the world and the production volume between January and July was 21.6 million tonnes, the statement said. According to data from 2017, Turkey's iron and steel exports to European countries increased from January January to July July July July 79 per cent, valued at 3 million and 300,000 tons, while exports to Middle Eastern countries were 2 and 000 400 tons, North African countries 799 , 000 tons. The same data indicated that Turkish iron and steel exports to the Far East markets maintained good performance and continued to rise, exports to Singapore, Hong Kong and Malaysia during the first seven months rose 591 percent to 785 tons. The data indicated that during the first seven months of this year, the importers of Turkish iron and Steel were headed by Canada, Italy, Singapore, Spain and the United Kingdom. Turkish exports are increasing despite strong competition from Chinese exporters in traditional markets like East East Middle East and the low volume of purchases in Middle Eastern countries such as Iraq, Libya, Egypt and Yemen as a result of political and economic turmoil. China is one of the main countries in steel exports with a surplus of 300 million tonnes. In the first context, a statement by the Turkish Steel Producers ' union recently concluded that crude steel production in Turkey recorded an increase of 27.8 per cent within last July July compared to the same period last year, while the manufactured steel and production reached 19.9 million tonnes; between January and July u For the past U the Turkish exports of iron and crude steel totaled 2017 10 million and 900,000 tonnes, with exports worth 6 billion and 600 million US dollars, according to the statement. By adding iron and steel manufactured to Turkish exports in the same period, the volume will rise to 11 million and 300,000 tons, and the value of iron and steel exports rises to 7 billion and 800 million US dollars, the statement added. Source: New Gulf + Press release
