Author: Paul Ploumis20 Jun 2014 Last updated at 02:31:34 GMT
ANKARA (Scrap Monster): The statistics released by the Turkish Iron and Steel Producers’ Association (TCUD) indicates that the country’s crude steel output dropped marginally during the month of May this year. According to TCUD data, Turkey’s crude steel output totaled 3.02 million tons during May this year, down 0.7% over the previous year. However, the output was 15.1% higher when compared with the previous month.
Out of the 3.02 million tons, 2.15 million tons were produced by blast furnaces and 862,000 were by electric furnaces. The blast furnace production declined by 0.5% when compared with the production during May 2013. A decline of 1.1% was seen in electric furnace production in May ’14 upon comparison with May 2013.
The cumulative crude steel production by Turkey during the period from January to May this year totaled 14.06 million tons. The country’s crude steel output during the initial five months of the year declined by 2.2% when compared with the output during the corresponding five-month period in 2013.
During January to May this year, the total blast furnace production accounted for 4.06 million tons, whereas the total electric arc furnace production amounted to 10 million tons. The total production from electric arc furnaces have declined by 1.32% over the previous year. The blast furnace production too witnessed drop of 4.8% in May ’14 over the previous year.