Turkey’s Mediterranean Iron and Non-Ferrous Metals Exporters’ Association (Admib) reported a 9% year-on-year increase in Turkey’s ferrous and non-ferrous metal exports, reaching $1.1 billion in November. The steel sector alone saw an export value of $1.3 billion, marking an 8.5% rise compared to the previous year. Despite these increases, the metal industries, which account for 10.5% of Turkey’s total exports, were not enough to offset a 3.1% decline in overall Turkish exports in November.
Efforts to Boost Global Market Position
Admib president, Fuat Tosyalı, emphasized the goal of enhancing the Turkish steel industry’s position on the international stage. “Our goal is to carry the Turkish steel industry to a much stronger position in the international arena. In line with this goal, we continue our efforts to both deepen our presence in our current markets and to establish new markets,” he stated. This reflects Turkey’s commitment to expanding its global market share and presence.
Top Export Markets for Turkish Steel
Germany remained the top destination for Turkish steel, with exports totaling $175 million in November, followed by Italy ($148 million) and Iraq ($113 million). Exports to Italy saw a 69% increase, while exports to Spain and Morocco grew by 62% and 51%, respectively. These trends highlight Turkey’s success in expanding its presence in existing markets and making strides in new ones.
