Turkish crude steel production reached 3.4 million tons last January, the Turkish Steel Producers’ Association (TCUD) said in a statement.
The volume of steel product exports fell 15.5% on an annual basis to 1.3 million tons in January, also marking a 1% drop in value to $749 million.
Steel imports reached 1.2 million tons, falling 14.3%, while in terms of value, they rose 12.2% to $872 million.
The ratio of exports to imports, which was 97.3% in January last year, declined to 85.9% the same month this year.
Turkey ranked first in Europe and seventh in the world with 35.8 million tons of crude steel production.
The country posted a 6% rise year-on-year to 35.8 million tons in crude steel production in 2020, according to the TCUD.
Hurriyet Daily News