Steel Prices in Turkey Today 2024

Steel Prices in Turkey have seen significant fluctuations recently, impacting the construction and manufacturing sectors. This blog examines the latest trends and factors influencing the market. Turkey has a robust steel industry, ranking among the world’s top producers. The sector contributes significantly to the country’s economy, with major production centers in various regions.
Steel Prices in Turkey

Overview of Steel in Turkey

Turkey’s steel industry has experienced significant growth in recent years, becoming a major player in the global market. The country is among the top steel producers worldwide, with a strong focus on exports. Modern facilities, competitive pricing, and strategic location have contributed to Turkey’s success in this sector, despite challenges from international competition and economic fluctuations.

Steel Prices in Turkey

  • Ankara: Ø8 MM / 25,000 TL
  • Istanbul: Ø8 MM / 24,650 TL
  • Gebze: Ø8 MM / 25,050 TL
  • Karabuk: Ø8 MM / 24,900 TL
  • Izmir: Ø8 MM / 24,200 TL
  • Iskenderun: Ø8 MM / 25,050 TL
  • Tekirdag: Ø8 MM / 24,800 TL
  • Samsun: Ø8 MM / 25,350 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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