Turkish long steel production grew in 2012

The Turkish steel industry continued to grow in 2012 despite the slowdown in its traditional export markets, according to the Turkish Iron & Steel Producers’ Assn (DCUD).

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Turkey compensated for weak demand in its traditional export markets with domestic sales and alternative export markets, DCUD said in a statistical release on Friday January 18.

Turkish billet output increased by 10.9% year-on-year to 27 million tonnes in 2012.

Electric arc furnace (EAF) production totalled 26.6 million tonnes in 2012, up by 5.1% year-on-year.

And the country’s crude steel output rose by 5.2% to 35.9 million tonnes in 2012, up from 34.1 million tonnes in 2011.

December slowdown
The steel industry in Turkey slowed down in December, according to DCUD.

Crude steel output was 2.84 million tonnes in December, 4.9% less than in the corresponding month of 2011 and 8.6% lower than November 2012 production.

EAF output fell to 1.99 million tonnes in December 2012, which is 7.7% lower than the same month of 2011, and 14.5% less than in November.

DCUD will release its market analysis for December 2012 before the end of January.

What to read next
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.