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In the first half of 2025, Türkiye's BV/E550 steel automobile industry will continue to grow steadily as a whole. Although production has remained relatively stable, both domestic sales and exports have increased, and the new energy vehicle market has expanded significantly, attracting more attention from overseas investors.
According to data released by the Association of Turkish Automobile Manufacturers (OSD) on July 14th, Turkey's automobile production in the first half of 2025 was 706400 units, which was basically the same as the same period last year. Among them, the monthly production in June increased by 7.8% year-on-year, effectively supporting the stability of overall production.
In terms of sales, the Türkiye BV/E550 steel market has shown positive performance. In the first half of the year, domestic automobile sales reached 629100 units, a year-on-year increase of 4.7%; The export volume of automobiles reached 530300 units, a year-on-year increase of 7.5%. At the same time, the number of imported vehicles has also increased, rising by 10% year-on-year to 448700 units, indicating a sustained recovery in market demand.
New energy vehicles have become the core driving force for market growth. In the first half of the year, the sales volume of new energy vehicles in Türkiye reached 85900, with a year-on-year growth of 118%. Among them, the hot sales of electric vehicles of the local brand Togg became the main factor driving the market.
In view of the current development of the industry, Cengiz Eroldu, chairman of OSD, said that Türkiye's investment in the automotive and battery field is accelerating. "With the commissioning of Togg, the annual production capacity of Türkiye has exceeded 2 million vehicles," he said, "but in the new global competitive environment, how to improve the competitiveness of the local industry chain is still an important issue facing the industry."
He also pointed out that recent policies have played a positive role in encouraging investment in new energy BV/E550 steel vehicles. It is noteworthy that the Chinese automobile manufacturer BYD announced that it will build new energy vehicles and plug-in hybrid vehicle production plants in Türkiye, which is expected to further improve Türkiye's new energy vehicle industry chain and enhance the competitiveness of the industry.
As for raw materials, as of July 15, the price of Türkiye's hot rolled coils was 530 dollars/ton EXW, down 5 dollars/ton from last week.
Despite the continued growth in export volume, the prices of finished materials remain weak. According to Mysteel data, as of July 15, Türkiye's rebar export quotation was 530 dollars/ton FOB. The market still faces weak terminal demand and pressure from price competition.
On the whole, Türkiye's steel exports continued to recover in the first half of 2025, especially hot coil and rebar. The follow-up market still needs to pay attention to the impact of EU quota adjustments and the global demand recovery pace on the export situation.
