Steel Prices in Turkey have seen notable changes recently. Dive into our latest blog to get the updated figures and market insights.
Steel production in Turkey stands as a significant industry, benefiting from strategic geographic location, with both local construction demand and substantial export activity.
Overview of Steel in Turkey
Turkey’s steel industry is a significant sector, ranking 8th globally in steel production. It thrives on a mix of domestic and international demand, with exports playing a crucial role. Enhanced by modern facilities and technology, the industry benefits from the country’s strategic location bridging Europe and Asia, contributing substantially to its economy.
Steel Prices in Turkey
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Ankara: 12mm / 7,100 TRY
Istanbul: 12mm / 7,200 TRY
Izmir: 12mm / 7,150 TRY
Bursa: 12mm / 7,100 TRY
Adana: 12mm / 7,050 TRY
Gaziantep: 12mm / 7,000 TRY
Konya: 12mm / 6,950 TRY
Antalya: 12mm / 7,080 TRY
Kayseri: 12mm / 6,970 TRY
Samsun: 12mm / 7,020 TRY
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Please note that the prices are hypothetical and for illustrative purposes only.
Turkish Reserves and Resources of Iron
Turkish iron reserves are concentrated in Sivas, Malatya, Bingöl, Adana and Kayseri regions.
In addition to these ores, there are iron ore reserves of different sizes in Ankara, Balıkesir and Adapazarı regions and the ore produced is used in cement plants. Our reserves are not in a position to meet the requirements of integrated iron and steel factories with today’s consumption level for a long time.
How Did Turkey Start Iron Production?
With the “Law No. 26 on the Establishment of Iron Industry” published in the Official Gazette dated March 1926, 786 in Turkey, the structural foundation of the iron and steel industry was laid. While the iron and steel production in these years is approximately 24% produced in integrated facilities, the rest is produced in semi-integrated facilities. With years of experience, Turkey managed to produce 37.3 million tons of crude steel in 2019.
