By Paul Ploumis 16 Sep 2015 Last updated at 02:14:51 GMT
ANKARA (Scrap Monster): The latest production statistics released by the Turkish Steel Producers’ Association (TCUD) indicates that the country’s crude steel production declined significantly during the month of August this year. The Association notes that the declining output levels are a clear indication of the fact that the country’s domestic steel sector is losing its competiveness in global steel market.
The Turkish crude steel production during the month totaled 2.56 million tonnes, down by 11.8% when compared with the same month a year before. The sharp decline in output during August follows 10.4% year-on-year drop during July this year.
As per TCUD data, scrap-based crude steel production witnessed considerable decline during the month. The electric arc furnace-based production during the month totaled 1.61 mt, significantly down by 20.9% when compared with August last year. On the other hand, integrated mills output jumped higher by 9.3% year-on-year to 954,000 t during August ’15.
When compared with the crude steel output during the previous month, the country’s output during August was up marginally by 1.1%. The Turkish crude steel output had totaled 2.53 million tonnes during July this year. Month-on-month, scrap-based crude steel production rose nearly 2%, whereas BOF-based production was down marginally by 0.9%.
The cumulative crude steel output by the country during the initial eight months of the year totaled 2.29 million tonnes, down nearly 7% when matched with the combined production during the similar eight-month period in 2014. During this period, EAF-based production dropped 13.5% to 13.98 mt, whereas BOF-based output totaled 7.31 mt, surging higher by 8.3%.
Also, the country’s billet production totaled 15.72 million tonnes during the eight-month period from January to August this year, whereas slab output totaled 5.57 million tonnes.