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Turkey has seen a significant surge in steel exports, with a 49.4% year-over-year (y/y) increase in the January-April period. This growth is attributed to strong demand from key markets such as the European Union, United States, and Middle East. Turkey’s steel exports reached 6.3 million tons during this period, with a total value of $4.3 billion.
The Turkish Steel Exporters’ Association has reported that steel exports to the EU increased by 53.1% y/y, while exports to the US rose by 44.9% y/y. This upward trend is expected to continue, with Turkey aiming to become one of the top steel exporters in the world.
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