8/6/2008

Turkey becomes 11th biggest producer of raw steel

Turkish Press - Turkey has become the 11th biggest producer of raw steel with an annual output of 25.8 million tons in 2007. According to a report released by the Foreign Trade Undersecretariat on Turkish iron and steel sector, Turkey's production of raw steel accounted for 2% of the total production in the world. Accordingly, Turkey became the country with the highest increase in its production of raw steel following the People's Republic of China. The sector has a 11.6% share in Turkey's total exports. After the recent global rise in price of iron and steel goods, exports by Turkish iron and steel sector climbed 30% to 12.5 billion USD last year.
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