Turkey’s crude steel output reached 28 million tons in the first 10 months of this year, a trade association said Monday.
Crude steel production in the country slipped 10.6% year-on-year in January-October, the Turkish Steel Producers’ Association (TCUD) said.
The country’s steel export volume surged 6.4% on an annual basis to 18.5 million tons in the same period, while its value fell 4.4% to $13.6 billion.
Meanwhile, the country’s steel imports slipped 21% to 10.2 million tons due to shrinking consumption.
Citing World Steel Association data, the group said that world crude steel output increased 3.25% on a yearly