Turkey is one of the leading countries in the iron-steel sector regarding capacity and production growth rate during the last 15 years. As of the end of 2017, our country ranks 8th in terms of global steel production and 2nd after Germany in Europe through the growth in production gained since 2000 by way of an increase in capacity.
At the end of 2017, global raw steel production has realized as 1.691 billion tons, up by 5,3% compared to 2016. Although there was a slight increase globally in capacity, it remained at 72,3%, below 75% accepted as the sustainable level.
The raw steel production of China, the biggest steel producer of the world, has increased by 5,7% to 831,7 million tons last year, while the raw steel production of Japan, ranking second in the world, has remained at 104,7 million tons down by 0,09% compared to the previous year.
In the iron-steel sector which acts as a locomotive for national economies, Turkey repeats its successful rank in production also in consumption due to its vibrant economy and continues to be one of the leading countries in the world.
With the strong effect of domestic demand and export markets, in 2017, the steel production and consumption in Turkey has exceeded the previous year’s level. In 2017, the raw steel production in Turkey has exceeded 37 million tons, with a record-breaking annual increase of 13%, while the consumption has been 36 million tons with an increase of 5,5%. OYAK Mining Metallurgy Group realized by alone 24,5% of total raw steel production of Turkey in 2017.
In the ISO (Istanbul Chamber of Industry) 500 list prepared according to the data of 2017, Erdemir ranked 8th, while İsdemir ranked 7th, Erdemir Çelik Servis Merkezi ranked 70th and Erdemir Maden ranked 260th. Shares of Erdemir and İsdemir are traded in BIST (Borsa Istanbul).