Iron and Steel Industry

The size of the metal products industry in Turkey is measured to be 79.5 billion dollars. The industry is expected to reach approximately 230 billion dollars in size within 10 years, with an expected average growth of over 10% per year nominally by 2030. The effects of foreign exchange and demand changes in sectors such as construction, infrastructure, and automotive in the domestic market are directing manufacturers toward foreign trade. In 2019, an export of 41.5 billion dollars was realized in metal products. 

The largest export markets for Turkey in metal products are the United Arab Emirates, Germany, and Iraq.

In iron and steel products, which make up a large part of the metal industry, Turkey's sector size in 2021 is around 45.1 billion dollars. Projections for 2030 suggest that Turkey will grow at an average rate of about 7% per year, exceeding a sector size of 82.7 billion dollars. With an export of 21.2 million tons of steel in 2020, it generated an income of 14.7 billion dollars for the country. A total of 35.8 million tons of liquid steel was produced, reaching a capacity usage rate of 67.2%. The production capacity of the iron and steel industry in our country for 2020 is a total of 53.4 million tons, with 39.9 million tons from electric arc furnace facilities and 13.5 million tons from basic oxygen furnace facilities. Noteworthy countries in Turkey's iron and steel exports include the USA, Italy, Israel, and Romania.

Among the most popular types of alloy steel in our country are C45, C48, and 39NiCrMo3, which are alloy steels and automated steels that are in demand and used both domestically and abroad.