Steel exports from Turkey grew by 12.6% y/y in the first 10 months

In January-October 2025, Turkish steelmakers increased steel exports by 12.6% compared to the same period in 2024, to 12.54 million tons. Export revenues rose to $8.49 billion (+4.1% y/y). This is according to data from the Turkish Steel Producers Association (TCUD), as reported by SteelOrbis.

The main driver of the positive dynamics was the finished products segment. Deliveries of long and flat products increased by 10.9% y/y and 11% y/y, respectively, to 6.57 million tons and 5.48 million tons. Exports of semi-finished products amounted to almost 498,000 tons.

In October 2025, Turkey increased its steel exports by 18.7% year-on-year to 1.17 million tons. In monetary terms, shipments increased by 8.2% y-o-y and exceeded $785 million.

The strengthening of exports is taking place against the backdrop of consistently positive production. In October, Turkey produced 3.21 million tons of steel (+3.1% y/y), and 31.27 million tons (+1.2% y/y) in the first 10 months of the year.

Along with the growth in exports, Turkey is reducing imports. In October, steel imports decreased by 10.8% y/y – to 1.49 million tons, and the value of supplies fell by 14.1% y/y – to $1.02 billion. Over 10 months, the indicator increased by 13.8% y/y, and in monetary terms by 1.6% y/y, to $10.92 billion.

The ratio of exports to imports rose to 77.76% compared to 75.89% a year earlier. This means that Turkish steelmakers are gradually strengthening their positions in foreign markets, particularly in the EU, the Middle East, and North Africa.

It should be recalled that in 2024, Turkey increased its steel exports by 27.6% y/y – to 13.4 million tons. Steel imports at the end of last year amounted to 17.4 million tons (+1.7% y/y). Rolled steel consumption in the country during this period increased by only 0.6% year-on-year, to 38.3 million tons.