The steel industry became the third sector that contributed the most to the country’s economy in foreign trade with its exports of 1 billion 745 million dollars in May. In 2021, the sector aims to export 23 million tons with a 10% increase in quantity and 17.5 billion dollars in value with an increase of nearly 40%.
The steel industry, which continues its efforts for sustainable exports, continues to contribute to Turkey’s total exports. The production and employment-oriented sector’s exports in May reached 1 billion 745 million dollars. This figure means that the sector is the third industry branch that contributes the most to the country’s economy in foreign trade.
Aslan: “Upward momentum will continue”
Stating that the upward momentum experienced in the sector’s exports will continue in the rest of the year, Steel Exporters’ Association (CIB) President Adnan Aslan said, “With the effect of the increase in steel prices, we moved up to the third rank in exports this month. In May, we achieved a 115 percent increase in exports compared to the same period of the previous year. Steel prices in particular increased in the world and deliveries accelerated after this month. All of these had a positive impact on our export figures. At the end of the year, we aim to export 23 million tons with a 10% increase in quantity and 17.5 billion dollars in value with an increase of nearly 40%.”
“We will continue to contribute to the national economy”
Evaluating the export performance of the sector in the January-May period, Aslan said: “As an industry, we realized an export of 7.2 billion dollars in the January-May period. Compared to the same period of the previous year, we achieved an increase of approximately 50 percent. We are extremely happy with these developments. We will continue to contribute to the national economy. We will continue our work at full speed to reach our year-end targets. We believe that this momentum will continue to increase in the rest of the year as well. We think that by the end of 2021, we will exceed our export figures of 15.5 billion dollars in 2018.”