Turkish crude steel output down 19.54% in January

Turkey produced 2,565,000 tonnes of crude steel in January 2019, a 19.54% decrease compared with January 2018, according to the Turkish Steel Producers Association (TÇÜD).

The fall in output was largely due to the negative sentiment that has been dominant in Turkey's domestic steel market, since August last year when the Turkish lira lost significant ground against the dollar after United States president Donald Trump doubled the tariffs on US steel imports from Turkey.  Turkey’s president Recep Tayyip Erdogan recently called for the duties to be cut back to the 25% rate that applies to other countries, but there has...

Published

Serife Durmus

February 20, 2019

16:06 GMT

Bursa