Turkey’s crude steel production hits historic high
ANKARA - Anadolu Agency
Crude steel production in Turkey rose to an all-time-high in 2017, reaching over 37.5 million tons, according to data from the Turkish Steel Producers Association (TÇÜD) compiled by Anadolu Agency on Feb. 7.
The output soared by 13.2 percent last year, up from 33.2 million tons in 2016, the data showed.
The import of crude steel declined in volume by 6.8 percent to 16.3 million tons in the same period. However, in value terms, crude steel imports rose 13.6 percent year-on-year to $12.4 billion in 2017.
Gazi Bilgin, acting secretary-general of the TÇÜD, told Anadolu Agency the production had reached a historic high level with the help of rise in global demand and recovery in the domestic market since April 2017.