Industry News

Turkey's crude steel production jumps in October

Views : 277
Update time : 2020-12-02 22:21:01

Turkey's crude steel production this October jumped 19.4% from same month last year, a trade group data said on Wednesday. 

Production totaled 3.2 million tons in the month, the Turkish Steel Producers' Association (TCUD) said.

"The figure raised optimistic expectations for the last months of the year," it said.

The volume of the country's steel product exports slipped 1.6% to 1.5 million tons during the same period.

Turkey's earnings from steel exports fell marginally to $791 million in October.

But steel imports rose 2.2% to 963,000 tons, while in terms of value, they dropped 3.1% to $628 million.

Citing World Steel Association (worldsteel) data, the group said global crude steel output this October rose 7% year-on-year to 161.9 million tons.

Related News
Read More >>
Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project
May .15.2025
Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project
Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations
May .15.2025
Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations
Rio Tinto to launch Simandou iron ore shipments in Nov Rio Tinto to launch Simandou iron ore shipments in Nov
May .15.2025
Rio Tinto to launch Simandou iron ore shipments in Nov
Iron ore prices break through $102 mark Iron ore prices break through $102 mark
May .15.2025
Iron ore prices break through $102 mark