TCUD: Turkish imports increase sharply in July, raising concerns

According to a statement released by the Turkish Steel Producers Association (TCUD), in July of this year, crude steel production in Turkey increased by 4.2 percent per year to 3.18 million tons. Tons, while in the first seven months production decreased by 0.9 percent per year to 21.48 million tons. Tons of

. So far, not this month, finished steel, steel consulting as a whole by 31 percent, 3 million. Table. In January-July, the country's steel consumption increased by 1.7 percent per year to 22.23 million tons. Tons

In July, Turkey's steel exports fell 8.5 percent to 1.14 million tons. Tons, while the cost of these experts decreased by 10.9 percent to 800.21 million. USD. USD per year. In the first seven months, the country's steel exports increased by 13.9 percent to 8.80 million tons. Tons, while the value of these experts increased by 5.4 percent to 5.99 billion. USD, both per year. Fixed and long-term exports of products in January-July amounted to 3.80 million tons. Tons and 4.63 million . Tons, respectively, with an increase of 10.2 percent and 12.8 percent per year, while semi-financed exports of products amounted to 364,036 million. Tons of

. Because the steel of Turkey steel steel is 55.1 percent. These imports increased by 30.8 percent to 1.29 billion. USD, both per year. In January-July, the country's steel imports increased by 17.8 percent to 11.08 million tons. Tons, and the value of these imports increased by 3.7 percent to 7.79 billion. USD, both per year. Considering the imported products, in the first seven months, the import of fixed and long products amounted to 5.34 million tons. Tons and 951,240 tons, respectively, with an increase of 9.9 percent and 17 percent per year, while imports of the semi-financed product amounted to 4.78 million tons. Tons of

. In the first seven months, Turkey steel output increased by 76 percent. Recorded in the same period of the previous year.

A 55.1% increase in imports recorded in July raised serious concerns in Turkey's steel sector. In particular, imports from China, Russia and other Eastern countries in the internal processing mode (IPR) have further deepened concerns in this sector. In some product categories, IPR-related imports, instead of being processed for export, effectively compete with Turkey's existing production facilities. According to industry sources, this situation contradicts the main purpose of IPR.

TCUD representatives emphasize that the IPR scheme needs to be urgently reviewed. Such a move is considered crucial not only to restore the export-to-import coverage ratio in the steel industry, but also to prevent trade shifts caused by import-targeting countries that have introduced additional protections following the US and EU tariffs, as well as narrowing the current account deficit.

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