Steel Prices in Turkey Today 2024

Steel Prices in Turkey have recently seen significant changes, impacting various industries nationwide. Stay updated with the latest trends and insights on the evolving market dynamics. The steel industry in Turkey is a significant economic sector, characterized by modern facilities and substantial production, mainly used in construction and manufacturing.
Steel Prices in Turkey

Overview of Steel in Turkey

The steel industry in Turkey is a significant component of the nation’s economy, encompassing a robust manufacturing base and extensive export activities. Known for its high-quality production, Turkey ranks among the world’s top steel manufacturers. The sector benefits from abundant local resources and a well-developed industrial infrastructure.

Steel Prices in Turkey

  • Ankara : Ø8MM / 25,000 TL
  • Ankara : Ø10MM / 25.100 TL
  • Ankara : Ø12MM – Ø32MM / 23.900 TL
  • Istanbul : Ø8MM / 24.650 TL
  • Istanbul : Ø10MM / 24.450 TL
  • Istanbul : Ø12MM – Ø32MM / 23.750 TL
  • Gebze : Ø8MM / 25,050 TL
  • Gebze : Ø10MM / 24.950 TL
  • Gebze : Ø12MM – Ø32MM / 23,500 TL
  • Karabük : Ø8MM / 24.900 TL
  • Karabük : Ø10MM / 24.900 TL
  • Karabük : Ø12MM – Ø32MM / 23.300 TL
  • Izmir : Ø8MM / 24.200 TL
  • Izmir : Ø10MM / 24,000 TL
  • Izmir : Ø12MM – Ø32MM / 24,000 TL
  • Iskenderun : Ø8MM / 25,050 TL
  • Iskenderun : Ø10MM / 25,000 TL
  • Iskenderun : Ø12MM – Ø32MM / 24,000 TL
  • Tekirdag : Ø8MM / 24.800 TL
  • Tekirdag : Ø10MM / 24,500 TL
  • Tekirdag : Ø12MM – Ø32MM / 23.900 TL
  • Samsun : Ø8MM / 25.350 TL
  • Samsun : Ø10MM / 25.300 TL
  • Samsun : Ø12MM – Ø32MM / 24,400 TL
  • 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.
    Abdullah Habib
    Abdullah Habib

    Merhaba! I'm Abdullah Habib. In this article, I share the essence of my 7-year journey in Turkey - as an expat and foreign student. With a heart full of stories and a mind rich with insights from my experiences, I've written this piece just for you. So, without further ado, sit back, relax, and enjoy the read!

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