Hurriyet Daily News reported that Turkish Steel Producers’ Association has said that in the month of August, the Turkish steel production amounted to 2.8 million tons, down 21% from August 2021, while domestic steel consumption fell by 12% to 2.3 million tonnes. From January to August, the steel industry’s production was down by 9% YoY to 24.4 million tonnes. TCUD said “The decline in steel production, which began at the start of the year, accelerated in the first half.”Turkish steel exports declined by 25% YoY in August to 1.4 million tonnes while export revenues fell by 31.5%. Turkish producers delivered 11.1 million tonnes of steel to foreign markets in January-August 2022, down 12% YoYTurkey also reduced its import of steel by 7% YoY to 1.1 million tonnes in August. The country reduced its imports of steel by 5.6% YoY to 10.2 million tonnes in January-August 2022Domestic steel consumption stood at 21.9 million tonnes in January-August, decreasing by 5.4% YoY.