EXPORT BY INDUSTRY - 2019
Total Export in 2019
TURKISH STEEL INDUSTRY
Today Turkey has 24 electric arc furnace mill plants (EAF), 7 induction furnice plants and its 3 BOF plants.
In 2019, global output increased to 1.9 billion tons, up by 3.4% on 2018. Turkey's output was 33.7 million tons with a decrease of 9.6% in 2019.
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 8th biggest producer globally and 2nd largest steel producer in Europe in 2019. 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 33.7 million tons in 2019. Growth of the industry has been driven by strong domestic consumption. Turkey’s crude steel consumption per capita has increased to 405 kg in 2019 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
|1000 Mio Tons||2018||2019||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 2019 figures, Turkey’s main export region is the European Union with 7.2 million tons by 16.2% decrease, making 34% of Turkey’s total steel exports. Middle East is another main export destination of Turkish steel exports with 4.8 million tons and Turkey’s export to the region increased by 26% in 2019. Turkey' steel export increased also to North Africa and Latin America by 41.7% and 9.5% respectively. On the other hand, Turkish steel exports to North America decreased by %67.7 in 2019.