According to the data provided by Dr. As a result, production is expected to fall to 1.80 billion tons in 2025, compared with 1.84 billion tons in 2024. In China alone, steel production is expected to fall to 982 million tons after last year's figure of 1 million tons. In the first 10 months of this year, global steel production totaled 1.52 billion tons, which is 2.1 percent less than last year, while steel production in Turkey increased by 1.2 percent to 31.3 million tons, rising from eighth to seventh place in the global ranking. According to Yayan, what stands out in this picture is that the gap in production between Turkey, South Korea and Russia has decreased by 3 million tons and 4 million tons, respectively. He commented: "Gaps that seem insurmountable can be overcome within a few years. To achieve this goal, it is vital that we can meet our needs internally. Domestic consumption is the most important growth tool for our steel sector. Consumption of final products in Turkey is expected to reach 39.3 million tons in 2025, with an increase of 2.6 percent year-on-year." However, he stated that despite the advantageous position of the Turkish steel sector compared to other major producers due to its consumer potential, he was unable to capitalize on it.
Capacity utilization rates in the Turkish steel sector should be increased
Yayan shared with the conference participants his view on the Turkish economy and its numerous industries, as well as their impact on the steel market. In the first nine months of this year, Turkey's economy grew by 3.7 percent, the construction sector by 11.3 percent, and the manufacturing sector by 3.9 percent, while the steel sector showed growth of only one percent, compared with 9.4 percent in 2024. Noting that Turkey's steel sector has been volatile compared to the global steel sector, he stated: "Turkey's gross domestic product has been growing over the past 20 quarters. However, there is also a negative factor in this development. In particular, we see that about 200 companies in the textile sector have moved their production to Egypt. In the steel industry
