Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
Veysel Yayan, Secretary-General of the Türkiye Steel Producers’ Association (TCUD), highlighted that steel remains a vital raw material for construction, automotive, energy, and machinery sectors. Its durability, recyclability, and broad applications make it strategically important for the global economy.
Yayan noted that steel production is not only an indicator of industrialisation but also a symbol of national economic strength, with the sector playing a key role in renewable energy and infrastructure projects.
Global ranking and trade shifts
According to the World Steel Association, China led global crude steel output last year with 1 billion tonnes, followed by India (149 million tonnes), Japan (84 million tonnes), the U.S. (79.5 million tonnes), Russia (71 million tonnes), South Korea (63.6 million tonnes), and Türkiye (39.6 million tonnes).
Yayan said Türkiye exports steel to over 180 countries, holding a strategic position in the global supply chain. “Last year Türkiye was eighth globally and seventh in Europe, but in the first eight months of 2025 it has risen to seventh worldwide and first in Europe,” he said.
He added that fluctuations in China’s market and protectionist measures, particularly those under former U.S. President Trump, have reshaped global trade flows, potentially affecting Türkiye’s sales in Europe and long-term investment plans.
Resilience and green transformation
Yayan stressed that Türkiye’s steel sector continues to maintain competitiveness, diversify markets, and advance green transformation investments.
He highlighted that a strong steel industry underpins economic growth and national security, while reliance on foreign producers increases supply risks in key sectors.
“Investments in special-grade steel for the automotive, defence, energy, and shipbuilding sectors are accelerating, boosting production volume, product diversity, and global competitiveness,” he added.
Yayan noted that domestic demand can be met with current capacity, though utilisation is relatively low at 63%, and called for policies to reduce import dependence, support local production, lower energy costs, and finance environmental investments to strengthen Türkiye’s steel industry further.
President of Uzbekistan Shavkat Mirziyoyev announced at the 7th Consultative Meeting of Central Asian Heads of State that Azerbaijan will be granted f...
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new inves...
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a pat...
Thousands of climate demonstrators filled the streets of Belém on Saturday, marching loudly and peacefully to demand stronger action to protect the p...
Storm Claudia, which brought violent weather to Portugal, has resulted in the deaths of three people and left dozens injured, authorities reported on ...
President of Uzbekistan Shavkat Mirziyoyev announced at the 7th Consultative Meeting of Central Asian Heads of State that Azerbaijan will be granted full-member status in the Central Asia Consultative Meetings.
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new investments in sectors benefiting from his policies, according to financial disclosures made public on Saturday.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
Thousands of climate demonstrators filled the streets of Belém on Saturday, marching loudly and peacefully to demand stronger action to protect the planet and to voice frustration at governments and the fossil fuel industry.
Britain’s King Charles III marks his 77th birthday. Unlike his predecessors, King Charles treats his actual birthday, on 14 November, as his main moment of reflection. This year, King Charles visited Wales—a decision that coincides with the overall spirit of his first three years on the throne.
Storm Claudia, which brought violent weather to Portugal, has resulted in the deaths of three people and left dozens injured, authorities reported on Saturday. Meanwhile, in Britain, rescue teams were organising evacuations due to heavy flooding in Wales and England.
The Azerbaijan embassy in Kyiv was damaged by debris from an Iskander missile during Russia’s overnight attack, which killed four people and injured dozens, President Volodymyr Zelenskyy said on Friday.
Japan urged China on Saturday to take "appropriate measures" after Beijing issued a warning to its citizens against travelling to Japan, amid an ongoing dispute over Taiwan.
Iran has strongly rejected as “unfounded and irresponsible” a joint statement by the foreign ministers of the Group of Seven (G7) about Tehran’s nuclear program and its alleged support of Russia in the war with Ukraine.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
Russia’s budget deficit reached 4.2 trillion rubles (around $51.9 billion) in the first ten months of 2025, driven by rising government spending, according to data from the Finance Ministry released on Tuesday.
Wall Street climbed sharply on Monday, with Nvidia up 5.8% and Palantir 8.8%, as artificial intelligence (AI) stocks rebound and progress in Congress raises hopes of ending the U.S. government shutdown.
Visa and Mastercard announce a $38 billion settlement with merchants over high swipe fees, including fee reductions, surcharges options, and eight-year caps on standard consumer cards, resolving a 20-year antitrust battle.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment