STATISTICS

TÜRKİYE’S

EXPORT BY INDUSTRY - 2023

TURKISH STEEL INDUSTRY

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

In 2023, global output slightly decrease to 1.88 billion tons, down by 0.03% on 2022. In 2022, Türkiye’s output was around 35.1 million tons with a decrease of 12.9% on 2021. In 2023, Türkiye’s output decrease 4.0% on 2022.

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 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 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. Due to increasing global inflation, unfair trade barriers and input costs in 2023, Türkiye’s steel exports have declined sharply in 2023 she has regressed to the position of 9th largest steel exporter in the World. On the other hand Türkiye’s production slightly decreased to 33.7 million tons, and she is still the 8th largest steel producer in the world. Due to the fact that Türkiye’s steel producers are directing their products to strong domestic market rather than export markets

TÜRKİYE’S

STEEL INDUSTRY - OVERVIEW

TURKISH STEEL IN THE WORLD

Turkish steel manufacturers export to all over the world, due to competitive prices and effective marketing strategies. According to 2023 figures, Türkiye’s main export region was the European Union with 4.5 million tons, making 31% of Türkiye’s total steel exports. Middle East was another main export destination of Turkish steel exports with 3.3 million tons with share 22.8% Türkiye’s total export in 2023. The Other European Countries by 14%, while the region was the 3rd largest export market for Turkish steel exporters in 2023 with approximately 2 million tons. In addition, North Africa region had 10.9% share with 1.6 million tons and Latin America region had 7% share with 1 million tons in Türkiye’s total steel export.