Turkey's Crude Steel Production Hits All-Time High in 2021

Turkish Steel Producers' Association TCUD announced that Turkey's crude steel production increased by 12.7% YoY to reach 40.4 million tonnes in 2021 despite global protectionist measures, raw material, energy shortage, and restrictions to reduce carbon emission. As of June 2020, Turkey's crude steel production entered an upward trend as the markets started to recover partially after declines due to the pandemic. TCUD added “If the production losses due to natural gas and electricity cuts are curtailed, the statement said, it is expected that the vibrancy in the sector will continue this year thanks to increasing capacities through ongoing investments.”

But, according to reports in Turkish media, while the cut in natural gas flow from Iran to Turkey due to a technical failure continues, the Turkish Electricity Transmission Corporation TEIAS has announced that electricity supply to organized industrial zones across the country will be restricted for at least three days as of today, January 24. The restriction will cause the country’s industrial production to come to a complete halt for at least three days. On the days when the restriction will be applied, the energy of the regions that draw more energy than the determined figure will be cut off and punitive sanctions will be applied. As a result, steel mills across the country have started to halt production

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. Turkey has 26 electric arc furnace mill plants, 8 induction furnace plants and 3 BF-BOF plants. All steel companies in the country are privately held.

Turkey's Crude Steel Production Hits All-Time High in 2021

Strategic Research Institute

Related Stories