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Turkey’s Crude Steel Market Outlook Report

   August 21, 2020

9,777€

• TRY: 475,000 ₺

Crude steel comes in different forms such as slabs, billets and blooms, and ingots. Produced using continuous casting, slabs, billets, and blooms take the largest share of the crude steel market. Slabs are used to produce intermediate flat products (such as hot-rolled coil), while billets and blooms are used to produce long products (such as rebar and sections). Generally, almost all crude steel can be divided into two major categories based on production method: blast furnaces (BF) and electric furnaces (EF). EFs used in steelmaking include induction furnaces and electric arc furnaces (EAF). The economies of scale in BFs is generally better than that of induction furnaces; however, economic EAF capacities include a wider range of relatively small capacities rather than large ones.