Türkiye’s steel exports reach $1.5B in September, up 7.5%
Russia's largest metallurgical plant in Magnitogorsk, in the western Russian industrial city of Chelyabinsk region. (Alexander Manzyuk-Anadolu Agency)
Türkiye’s steel sector continued its upward trend in September, with exports rising 7.5% compared to the same period last year. The country’s steel exports reached $1.47 billion, according to data compiled by the Turkish Exporters Assembly (TIM).
The steel industry has been a vital contributor to Türkiye’s export growth, even as other sectors have experienced downturns. The government’s focus on exports as a key driver of economic growth has had a positive impact on the steel sector.
Romania tops steel buyers in September
Romania emerged as the largest buyer of Turkish steel in September, with exports to the country totaling $156.24 million. Other major buyers include:
- Italy: $83.05 million
- Spain: $73.87 million
- Germany: $63.53 million
- United Kingdom: $62.6 million
The most significant increase in steel exports, in percentage terms, was to Palestine, where exports surged by an impressive 30.93%, reaching $48.62 million.
Strong growth in European markets
Türkiye’s steel exports saw substantial growth across various European markets. Exports to:
- Spain increased by 155.7%, totaling $73.87 million.
- Italy grew by 75.5%, reaching $83.05 million.
- Romania saw a 33.9% rise in steel imports from Türkiye.
However, exports to Germany and the United Kingdom showed mixed results.
- Germany saw a slight decline of 4.2%.
- Exports to the United Kingdom rose by 20.2%.
Istanbul leads steel exports
By region, Istanbul-based companies led the country’s steel exports, accounting for $641.27 million in September alone. Other major contributors were:
- Hatay: $196.08 million
- Kocaeli: $106.08 million
- Ankara: $103.33 million
- Bursa: $93.5 million
The steel sector remains one of Türkiye’s key export industries, with ongoing efforts to expand its reach and sustain its growth in international markets.
