Türkiye produced a total of 3 million tons of steel crude in November, marking a strong 25.4 percent increase from a year ago, according to the latest numbers from Brussels-based World Steel Association (worldsteel).
Türkiye was the world’s eighth-largest steel producer. Steel Forging
In the first 11 months of 2023, the country’s crude steel production amounted to 30.5 million tons, down 6.1 percent from the same period of last year.
World crude steel production for the 71 countries reporting to the association was 145.5 million tons in November, a 3.3 percent increase compared to November 2022.
Global steel output inched up 0.5 percent in the January-November period from a year ago to 1.72 billion tons.
Meanwhile, the European Bank for Reconstruction and Development (EBRD) has announced that it is supporting Kutes, a leading Turkish metal casting company, in its transition to sustainable energy through a risk-sharing agreement with development bank Türkiye Sinai Kalkınma Bankası (TSKB).
Under the EBRD’s Risk Sharing Framework (RSF), TSKB is lending 15.4 million euros to Kutes to support its investment in solar power plants and sustainable practices.
Over the past few years, the metal casting industry has experienced a surge in energy expenditure, prompting Kutes to strategically invest in 26 MW of solar power plants in the provinces of Kırklareli and Edirne, EBRD said.
The investment will enable Kutes to meet its casting facility’s energy requirements while mitigating more than 80 percent of its electricity consumption.
Iran has summoned Russia's envoy to protest a recent statement by Moscow and Arab countries calling for talks over three islands controlled by Tehran but claimed by the United Arab Emirates.
Türkiye’s reliance on imported energy resources declined to 67.8 percent in 2022 from around 70 percent in the previous years, Energy and Natural Resources Minister Alparslan Bayraktar has stated.
Steel Forging Turkish football was plunged into further crisis on Dec. 19 night after Istanbulspor walked off the pitch in protest at a refereeing decision in its Süper Lig game against Trabzonspor, on the day the league resumed following a one-week suspension after a club president punched a referee.