Turkey's steel exports surged by 49.4% year-on-year in the January-April period of 2024, reaching 4.2 million tons, according to data from the Turkish Statistical Institute reported by Eurometal.

The increase was primarily driven by an 84.4% year-on-year rise in exports of flat rolled products. Meanwhile, steel imports into Turkey decreased by 5.9% year-on-year over the same four-month period, totaling 5.5 million tons. Consequently, the ratio of exports to imports improved to 72:100 from 50:100 a year earlier.

Turkey's steel production during the January-April period amounted to 12.3 million tons, up 22.1% compared to the same period in 2023. However, in April, the figure decreased by 12.5% compared to the previous month.

Veysel Yayan, CEO of the Turkish Steel Producers Association TCUD, stated that "In order to maintain the growth in steel production and exports in Turkey, it is necessary to introduce effective safeguards against imports from South Asian countries, similar to the US and EU.

"Within the four-month period, dumped imports from South Asia to Turkey increased by 37% year-on-year to 2.8 million tons, despite the overall decline in imports. This increase occurred despite the anti-dumping investigation launched by the Turkish Ministry of Commerce on October 31 against imports of hot-rolled coils from China, India, Japan, and Russia, with the results expected to be announced in the coming months.