Turkish Steel Producers Association (TÇÜD) announced production, consumption and foreign trade data for August. Accordingly, Turkey's crude steel production in August decreased by 21 percent compared to the same month of the previous year, and decreased to 2.8 million tons. Crude steel production decreased by 8.8 percent in the 8 months of the year to 24.4 million tons.
Finished steel consumption was 2.3 million tons with a decrease of 12.1 percent on an annual basis in August, and 21.9 million tons with a decrease of 5.4 percent in the January-August period. In August, exports of steel products were recorded as 1.4 million tons with a decrease of 25 percent on an annual basis in terms of quantity, and 1.2 billion dollars with a decrease of 31.5 percent in terms of value.
In the January-August period, compared to the same period of the previous year, exports amounted to 11.1 million tons with a decrease of 12.4 percent in quantity and 10.5 billion dollars with an increase of 8.8 percent in value. In August, steel products imports amounted to 1.1 million tons with a decrease of 7.1 percent in terms of quantity and 1.3 billion dollars with a decrease of 7.9 percent in terms of value compared to the same month of the previous year.
In the 8 months of this year, imports amounted to 10.2 million tons with a decrease of 5.6 percent in terms of quantity and 11.2 billion dollars with an increase of 20.7 percent in terms of value compared to the same period of the previous year.
While the share of imports in steel products consumption was 31.8 percent, the share of imports in flat product consumption reached 49 percent. The share of imports made under the Inward Processing Regime (DIR) in total imports was 65.3 percent.
The ratio of exports to imports, which was 104.2 percent in the January-August period of last year, decreased to 93.9 percent in the same period of this year.
"This highlights that the last quarter of the year will be more difficult for the steel industry"
According to the evaluation made in the statement, it was stated that the decrease observed in crude steel production since the beginning of the year continued by gaining momentum as of the second half of the year, reaching 13.1% in June, 20.7 percent in July, and 21 percent in August.
It is emphasized in the statement that the monthly average decreases of 18.3 percent in production and 14.3 percent in exports in the last three months do not reflect the negative effects of the 50 percent increase in electricity and natural gas prices on 30 August and the new regulation made by BOTAŞ on 29 September. , the following was recorded:
The inclusion of scrap in protectionism by putting forward the zero carbon target will inevitably lead to heavy destruction for the steel industry. It is vital for our industry to take multi-faceted initiatives with the EU Commission in order to prevent the destruction in question."
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