The steel industry - Türkiye
Türkiye, a major player on the global steel scene, is recognized for its central role in supplying raw materials and processed products to numerous industries, both domestically and internationally.
It ranks as the 9th largest steel exporter globally and holds the 8th position as a producer with an annual production of 33.7 million tons of liquid steel. This performance highlights the vital role played by the steel industry in Türkiye's economy, where it ranks 5th in terms of sectoral contribution.
In 2023, the Turkish steel industry faced global economic uncertainties, geopolitical risks, and challenges in the domestic market. Despite these difficulties, the sector made significant strides towards opening up to new markets. In the coming period, diversifying exports and increasing investments in R&D and innovation will be crucial for the sector's sustainable growth.