EXPORT BY INDUSTRY - 2022
Total Export in 2022
TURKISH STEEL INDUSTRY
Today Türkiye has 26 electric arc furnace mill plants (EAF), 11 induction furnice plants and its 3 BOF plants.
In 2022, global output decrease to 1.88 billion tons, down by 4,2% on 2021. Türkiye's output was 35.1 million tons with a decrease of 12.9% in 2022.
In 1996, The European Coal and Steel Community (ECSC) agreement signed between the EU and Türkiye. With signing the agreement, customs duties on bilateral steel trade were abolished. The agreement allows Türkiye to trade its iron and steel products without customs duty with all EU member states. Additionally, the Government does not subsidize Turkish domestic steel industry due to the European Coal and Steel Community (ECSC) agreement.
All steel companies in the country are privately held, and Turkish steelmakers continue to pursue technological developments to enhance the long-term viability of the industry in the global marketplace. The steel industry has become one of the most developed sectors in Türkiye and today counts as the fourth largest contributor to the Turkish economy.
A GROWING INDUSTRY
After 1980, with the implementation of import substitution system, Türkiye has increased her steel export to primarily neighboring countries such as Iran, Iraq and North African countries. In the next 20 years, Türkiye realized a major production and export boom.
While Türkiye was the world’s 10th biggest steel producer in 2001, she has become the 7th biggest producer globally and largest steel producer in Europe in 2020. In fact, she was the third fastest growing steel producer in the world between 2001 and 2011, after China and India. Steel production in Türkiye has increased significantly since 2001, growing from 15 million tons (mt) in 2001 to 40.4 million tons in 2021. Growth of the industry has been driven by strong domestic consumption. Türkiye's crude steel production decreased by 12.9% to 35.1 million tons in 2022 due to the decreasing steel demand and increasing global inflation. In addition to the strong domestic demand and dynamic steel using industries, Türkiye’s well placed position also supports exports and production.
STEEL INDUSTRY - OVERVIEW
|1000 Mio Tons||2021||2022||CNG|
TURKISH STEEL IN THE WORLD
Turkish steel manufacturers export to all over the world, due to competitive prices and effective marketing strategies. According to 2022 figures, Türkiye’s main export region was the European Union with 5.7 million tons, making 29% of Türkiye’s total steel exports. Middle East was another main export destination of Turkish steel exports with 4.2 million tons with a decrease of 2% in 2022. The most significant increase was recorded in the Other European Countries by 21%, while the region was the 3rd largest export market for Turkish steel exporters in 2022 with 2.4 million tons. In addition, Türkiye’s steel export to North Africa recovered and reached the level of 2 million tons. On the other hand, export to Latin Africa decreased by 44% to 1.7 million tons in 2022.