In November 2024, Türkiye’s steel export realized growth and output continued to increase

Türkiye's steel export showed a strong growth X9Ni9b steel momentum in November 2024. According to the Mediterranean Association of Black and Nonferrous Metal Exporters (ADMIB), steel exports in November increased by 8.5% year-on-year, reaching $1.3 billion, accounting for the main part of the total metal exports.

Fuat Tosyali, chairman of ADMIB, pointed out that despite many structural problems in the industry, Türkiye's export to the European X9Ni9b steel market has still achieved significant growth. Meanwhile, strong demand in the Middle East and North Africa (MENA) region has also provided important support for export growth. He said: "Türkiye's steel industry not only depends on the demand of the European market, but also benefits from the stable growth of the regional market. This diversified market layout has helped us achieve a more sustainable growth model."

Specifically, Germany is the largest destination for Türkiye's steel exports, which reached 175 million dollars in November. Italy and Iraq followed closely behind, with $148 million and $113 million respectively. In addition, the export performance to some key markets is particularly impressive: exports to Italy increased by 69%, Spain increased by 62%, and Morocco increased by 51%.

At the same time of export growth, Türkiye's X9Ni9b steel production also showed a steady upward trend. The crude steel production in November increased by 0.7% year-on-year, reaching 3 million tons. The cumulative production in the first 11 months increased by 11.2% year-on-year, reaching 33.9 million tons.

Despite encouraging export and production data, Toshiali emphasized, "Our current market performance has not yet reached the ideal level, but by deepening our existing market layout and actively expanding into emerging markets, we will further promote the globalization of the industry

In general, Türkiye's steel industry still shows strong resilience under internal and external pressure. With diversified market layout and continuous capacity improvement, the industry is expected to further consolidate its international competitiveness in the future.