Exclusive Turkey reduced steel production by 8.3% m/m in June

Pig iron production fell by 5.9% m/m

In June 2025, Turkish steel enterprises reduced steel production by 3.1% compared to June 2024 and by 8.3% compared to the previous month, to 2.89 million tons, the lowest level since April last year. This is evidenced by data from the World Steel Association.

The country’s pig iron production fell by 5.9% month-on-month and 15.4% year-on-year to 698,000 tons last month. The figure reached its lowest level since April 2023.

During January-June, Turkey’s steel industry reduced steel production by 1.7% compared to the same period in 2024, to 18.3 million tons. Pig iron production for the period fell by 13% y/y, to 4.51 million tons.

In 2024, Turkish steelmakers increased steel production by 9.4% compared to 2023, to 36.89 million tons. Pig iron production in the country grew by 17.2% y/y last year, to 10.19 million tons. Average monthly steel production amounted to 3.07 million tons compared to 2.81 million tons in 2023, and pig iron production amounted to 848,800 tons and 724,200 tons, respectively.

Turkey’s steel industry achieved growth last year after two years of stagnation. This was facilitated by the active development of infrastructure projects, in particular the restoration of regions after the earthquake, growth in exports amid changes in global markets, and the modernization of metallurgical capacities.

Despite the positive dynamics, global challenges such as unstable demand and competition from Asian producers remain relevant and are affecting the figures at the beginning of the year. Overall, further growth is likely in 2025 thanks to government investment, the expansion of sales markets in the region, and the integration of environmental technologies, although the risks of falling raw material prices and geopolitical instability remain.

WorldSteel expects steel demand in Turkey to decline by 1.7% in 2025 compared to 2024, to 35.5 million tons.