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Turkey’s steel export momentum cooled at the start of 2026, with January shipments falling 18.4% year over year to 911,800 tonnes. Export revenues also declined, down 21.2% to $600.1 million, reflecting softer volumes and pricing pressure in key product categories.
The downturn was led by finished steel: flat product exports slipped 15.5% to 315,900 tonnes, while long product exports fell 25.6% to 507,300 tonnes. One bright spot was semi-finished exports, which rose 44.9% to 88,550 tonnes, hinting at shifting demand patterns and trade flows.
Imports also contracted. Turkey’s steel imports dropped 26.1% year over year to 1.28 million tonnes, with import value down 26.5% to $879.4 million. As a result, the export-to-import ratio improved to 68.2% (from 63.6% a year earlier).On the domestic side, rolled steel consumption edged down 1.7% to 3.53 million tonnes, even as crude steel production increased 5.8% to 3.39 million tonnes—signaling stronger output despite softer demand.
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