STATISTICS

TÜRKİYE’S

EXPORT BY INDUSTRY - 2024

STEEL INDUSTRY IN TÜRKİYE

Today Türkiye has 27 electric arc furnace mill plants (EAF), 11 induction furnace plants and 3 BOF plants.

In 2024, global steel production decreased slightly by 0.9% compared to 2023, reaching 1.8 billion tons. On the other hand, Türkiye’s steel production increased 9.4% in 2024, reaching 36.9 million tons.

In 1996, The European Coal and Steel Community (ECSC) agreement was 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 the domestic steel industry in Türkiye due to the European Coal and Steel Community (ECSC) agreement.

All steel companies in the country are privately held, and steelmakers in Türkiye 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 fifth 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 2020 and 2021. In 2023, due to the ongoing effects of high inflation and unfair trade measures, Türkiye's steel exports experienced a sharp decline, causing the country to drop to the 9ᵗʰ largest steel exporter in the world. However, in 2024, despite all obstacles, the Turkish steel industry succeeded in increasing its production by 9.4%, regaining its position as the 8ᵗʰ largest crude steel producer and the 5ᵗʰ largest steel exporter in the world.

STEEL INDUSTRY IN TÜRKİYE

GENERAL SITUATION

OUR STEEL IN THE WORLD

Türkiye’s steel manufacturers export to all over the world, due to competitive prices and effective marketing strategies.According to 2024 figures, Türkiye’s main export region was the European Union with 6.8 million tons, making 38% of Türkiye’s total steel exports. Exports to Other European countries, including Ukraine and Serbia, amounted to 3 million tons, making it the second largest market. The Middle Eastern countries emerged as the third largest market for Türkiye's exports in 2024, with total exports to the region reaching 2.6 million tons. African countries were the fourth largest market, with 1.7 million tons of exports. In past years, exports to South and North American countries exceeded 1.5 million tons, but due to increasing protectionist measures and competitive prices, these exports declined to 1.3 million tons and 990 thousand tons, respectively.