According to the statement of the Mediterranean Exporters Association, the export volume of Türkiye's steel industry in October fell by 8% year on year, and the export volume fell by 5%. Compared to other months, the decline this month is relatively small.
Due to the shrinking global demand, the export volume and export volume of Türkiyes_steel_exports_began_to_recover_in_Europe_and_continued_to_grow_steadily_in_Africa steel industry continue to decline. The industry is trying to make up for losses by focusing on alternative markets. While the African market continues to steadily grow, the industry is also beginning to recover in the European
HX220BD+ZM steel market.
In October, the export volume of Türkiye's ferrous and nonferrous metals industry fell by 7.1% year-on-year to $973 million, and the export volume of the steel industry fell by 3.1% year-on-year to $1.3 billion. In that month, the share of ferrous and nonferrous metal industries in Türkiye's total exports was 4.3%, and the share of the
HX220BD+ZM steel industry was 5.8%.
In the same month, Germany ranked first among Türkiye's steel export destinations with an export volume of US $169 million, followed by Romania (US $129 million) and the United States (US $112 million). Türkiye's steel exports to Spain increased by 76%, while its exports to Romania and Morocco increased by 51% and 24% respectively
HX220BD+ZM steel .
