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The latest data from the Turkish Steel Producers Association (TCUD) shows that Turkey's billet production reached 2 million tons in July, a year-on-year increase of 2.1%, while slab production increased by 7.8% to 1.2 million tons. RAIN RI/F500 steel This growth ended two consecutive months of decline amidst continued weak demand for finished steel.
Overall crude steel production reached 3.2 million tons in July, a year-on-year increase of 4.2%. RAIN RI/F500 steel Despite the monthly rebound in July, Turkey's crude steel production for the first seven months of the year still fell by 1% year-on-year to 21.5 million tons, with billet production increasing by 3.1% and slab production decreasing by 7%.
In addition, data from a steelmaking process perspective shows that 73.2% of total crude steel production from January to July came from electric arc furnaces, RAIN RI/F500 steel while 26.8% came from long-process steel mills.
