EXPORT BY INDUSTRY - 2021
Total Export in 2021
TURKISH STEEL INDUSTRY
Today Turkey has 26 electric arc furnace mill plants (EAF), 11 induction furnice plants and its 3 BOF plants.
In 2021, global output increased to 1.95 billion tons, up by 3.7% on 2020. Turkey's output was 40.4 million tons with an increase of 12.7% in 2021.
In 1996, The European Coal and Steel Community (ECSC) agreement signed between the EU and Turkey. With signing the agreement, customs duties on bilateral steel trade were abolished. The agreement allows Turkey 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 Turkey and today counts as the fourth largest contributor to the Turkish economy.
A GROWING INDUSTRY
After 1980, with the implementation of import substitution system, Turkey has increased her steel export to primarily neighboring countries such as Iran, Iraq and North African countries. In the next 20 years, Turkey realized a major production and export boom.
While Turkey 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 Turkey 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. Turkey’s crude steel consumption has increased by 13.2% to 33.4 million tons in 2021 and is expected to continue to growing in the medium-long terms. In addition to the strong domestic demand and dynamic steel using industries, Turkey’s well placed position also supports exports and production.
STEEL INDUSTRY - OVERVIEW
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TURKISH STEEL IN THE WORLD
Turkish steel manufacturers export to all over the world, due to competitive prices and effective marketing strategies. According to 2021 figures, Turkey’s main export region was the European Union with 7.4 million tons, making 31% of Turkey’s total steel exports. Middle East was another main export destination of Turkish steel exports with 4.3 million tons with a decrease of 10.9% in 2021. The most significant increase was recorded in the Latin America by 103%, while the region was the 3rd largest export market for Turkish steel exporters in 2021 with 3.1 million tons. In addition, Turkey’s steel export to North America recovered and reached the level of 1.9 million tons. On the other hand, export to North Africa decreased by 12.3% to 1.8 million tons in 2021.