World Bulletin / News Desk
Crude steel production in Turkey increased 5.2 percent last year, reaching 33.2 million tons.
According to data from the Turkish Steel Producers' Association (TCUD) Turkey maintained its position as the world’s eighth largest crude steel producer, accounting for about 2.03 percent of global crude steel output.
The country's steel export volume also increased by 1.2 percent to reach 16.9 million tons. However, the value of steel exports declined by eight percent to $10.8 billion due to low steel prices.
Meanwhile, the country's steel imports declined by eight percent to 17.5 million tons. The association said Turkey paid $10.9 billion for imports, mainly to China.
World crude steel production increased 0.8 percent in 2016, compared to 2015, reaching 1,628 megatons.
China maintained its leading position on the list of crude steel producers in 2016, with its total production reaching 808 million tons, accounting for a 49.6 percent share in world crude steel production.
Number of properties sold to foreigners soars by 11.4 percent y-o-y in the month, TurkStat reveals
BIST 100 index decreases 0.43 pct while US dollar/Turkish lira rate rose to 3.50
BIST 100 index rises 0.44 pct while US dollar/Turkish lira rate falls to 3.49
The day before, the dollar had rallied against both main rivals and the Dow reached a fresh record high after the US central bank kept alive the chance of a December increase in American borrowing costs.
Monthly index sees decline of 3.4 pct, according to Turkish Statistical Institute
BIST 100 index decreases 0.31 pct while US dollar/Turkish lira rate rose to 3.51
Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
BIST 100 index drops 0.02 pct while US dollar/Turkish lira rate stands over 3.48
The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
BIST 100 index rises slightly 0.09 pct while US dollar/Turkish lira rate falls to 3.43
BIST 100 index rises 0.10 pct while US dollar/Turkish lira rate stands around 3.46