The Turkish iron and steel industry is forging ahead towards new targets in exports, despite facing challenging conditions. The industry managed to achieve a growth of 2 percent and a total of 14 billion dollars in exports in the first half of the year. The Steel Exporters’ Association (ADMİB) also contributed to the overall export figure, reaching approximately 28 billion dollars with a growth rate of 1.4 percent.
Reflecting on the performance of the first half of the year, ADMİB President Fuat Tosyalı expressed satisfaction with the results, stating that the industry had met its goals despite global difficulties. He emphasized the sector’s commitment to continuous production and investments aimed at enhancing competitiveness in the global market.
While Turkey’s overall exports in June saw a decrease of 18.6 percent compared to the same month last year, the iron and non-ferrous metals sector’s exports decreased by 13.9 percent, while steel exports actually grew by 1.3 percent. In contrast, the steel sector’s exports in the first half of the year increased by 10.6 percent to 8 billion dollars, contributing to the sector’s overall growth.
The Mediterranean region, in particular, closed the first half of the year with a significant increase of 28 percent in exports. Double and triple-digit growth rates were observed in key European markets like Italy, Romania, and Germany, highlighting the sector’s resilience and adaptability in the face of market challenges.
Looking ahead, the Turkish iron and steel industry aims to build upon its first half success and exceed its targets for the rest of the year. With a focus on meeting growing demand and maximizing contributions to the country’s exports, the industry remains optimistic about its prospects for the future.
