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Turkey's crude steel production expected to increase 8% y/y to 37.5mn tonnes in 2014.

February 2, 2014

Veysel Yayan, secretary general of the Steel Producers' Association of Turkey (TCUD), told Reuters that Turkey's crude steel production declined by 3.4% y/y to 34.65mn tonnes in 2013 and output is expected to increase by 8% y/y to 37.5mn tonnes this year. Turkey's crude steel exports also declined by 6% y/y to 19mn tonnes in 2013 and exports are expected to rise by 8% y/y to 20.5mn tonnes in 2014, according to Yayan. Turkey's crude steel consumption rose by 10% y/y to over 31mn tonnes in 2013 and consumption is expected to rise a further 6% y/y to 33mn tonnes in 2014, Yayan said. Turkey's crude steel imports rose by 24% y/y in 2013, according to Yayan. The capacity utilization rate in Turkish crude steel industry declined to 69% in 2013 from 73% in 2012 and is expected to recover to 73% this year, Yayan also said.

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Source: IntelliNews - Weekly Reports

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