Turkey's Steel Production Rises 7% YoY: A Sign of Industrial Revival

Turkey's steel production rose %7 in July 2025 compared to the same period last year, signaling a resurgence in the sector.

Production Momentum and Output Report

■3.4 million tons of crude steel production increased %7 year‑over‑year.

■The first seven months totaled 23.2 million tons, up %7.9 from the same period a year ago.

■Final finished‑goods consumption fell %5.1 to 3.5 million tons, but rose %4.7 to 23.3 million tons in the Jan‑July period.

Export and Import Dynamics

■July steel exports rose %2.9 to 1.2 million tons and %4.4 to $827.3 million.

■In the Jan‑July period, export volume grew %2.4 to 9 million tons, value %1.6 to $6.1 billion.

■Imports fell %19.7 to 1.5 million tons and %17.6 to $1.1 billion in July.

■The first seven months of imports declined %3 to 10.7 million tons and %4.9 to $7.4 billion compared to the prior year.

New Dynamics in Global Competition

■Exports to South America surged %85 to 762 thousand tons.

■Protection measures in the EU, US, Mexico, and Canada are supporting domestic production and increasing capacity utilisation.

■Chinese steel products continue to grow in the Turkish market; imports from China reached 2.5 million tons in the first seven months of 2025.

Significance for Economic Indicators

■Steel output serves as a key barometer for industrial activity, directly influencing macro‑economic growth and employment.

■The rising production over the first seven months contributes to Turkey's target of %7.9 annual growth.

■Export growth boosts foreign‑exchange inflows, aiding the balance of payments.

This uptick in steel production not only strengthens Turkey's industrial competitiveness but also offers a positive growth signal for financial markets. The sector's robust performance could reshape long‑term investor expectations.