In October, Turkey’s steel production decreased by 3% compared to the previous month. The country’s steel mills produced 2.9 million tonnes of steel, reflecting a continued downward trend in output. This reduction is attributed to various factors, including high energy costs and economic challenges.
The Turkish steel industry, heavily reliant on electric arc furnaces, faces ongoing pressures from rising electricity prices and market uncertainties. Despite these challenges, the industry remains a significant player in the global steel market.
