[SMM Steel] Turkey targets $17bn steel exports in 2026, maintains 20 Mt shipment outlook

Published: Apr 21, 2026 17:48

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[SMM Steel] Turkey’s steel sector expects no change to its 2026 export targets of 20 million tons and $17 billion, supported by continued market diversification efforts to offset weaker EU demand. The country produced 38 million tons of crude steel in 2025 and exported 19 million tons, maintaining its position as a key global supplier. Competitive advantages include fast delivery to Europe (~48 hours) versus 25–30 days from Asian exporters, though rising energy costs remain a key challenge. The sector is accelerating green transition, with 15–20% of energy already sourced from renewables.

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