Turkey Steel Market Size, Share, Trends and Forecast by Type, Product, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A38157

Turkey Steel Market Overview:

The Turkey steel market size reached USD 8,547.76 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 11,309.79 Million by 2033, exhibiting a growth rate (CAGR) of 3.16% during 2025-2033. Robust domestic demand, particularly in construction, automotive, and infrastructure sectors, is one of the factors contributing to Turkey steel market share. Government investments in infrastructure projects, along with export opportunities, also contribute. Additionally, favorable trade agreements, modernization of mills, and growing industrial activities fuel market expansion.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 8,547.76 Million
Market Forecast in 2033	USD 11,309.79 Million
Market Growth Rate 2025-2033	3.16%

Turkey Steel Market Trends:

Steel Industry Expansion

A new steel production facility has opened in Bosnia, capitalizing on the region’s strategic location and solid infrastructure. The plant will focus on producing various steel products, including industrial structures and prefabricated housing solutions. This move is expected to foster further investments and potentially draw additional international companies to the area, enhancing local economic development. The region’s access to skilled labor, natural resources, and industrial zones make it an increasingly attractive destination for steel manufacturers. With growing support from local authorities, this development could lead to broader industry collaborations, strengthening both the steel sector and the area's economic landscape. These factors are intensifying the Turkey steel market growth. For example, in April 2025, Shahi Steel, a Bosnian subsidiary of Turkish steel manufacturer Sahi Celik, inaugurated a production plant in Gradacac. The decision was driven by the city's strategic location, developed infrastructure, industrial zones, skilled workforce, and natural resources. The new plant would focus on producing industrial steel structures, housing containers, and prefabricated houses. Gradacac's mayor expressed hope that this investment would attract more Turkish companies to the region, boosting local economic growth.

Influence on Global Steel Long Products

Recent market insights have incorporated price forecasts for Turkish steel long products, reflecting the country's significant impact on global pricing trends. As a major exporter of steel longs, Turkey plays a key role in shaping market dynamics. Its steel production capacity and output contribute to its leadership in rebar exports, with Turkish manufacturers supplying a substantial portion of global rebar demand. The country’s position in the steel industry highlights its importance in the long products sector, influencing pricing, production, and market strategies worldwide. This growing influence continues to offer valuable insights for stakeholders in the global steel market. For instance, in February 2025, CRU expanded its Steel Longs Premium Service by adding Turkish steel long products price forecasts to offer better market insights. As the second-largest exporter of steel longs globally, Turkey significantly influences pricing trends. With a crude steel production capacity of 59 Mt and an output surpassing 28 Mt in 2024, Turkey is the world’s leading rebar exporter. Turkish steelmakers shape the global market, supplying up to 30% of global rebar exports.

Turkey Steel Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, product, and application.

Type Insights:

Flat Steel
Long Steel

The report has provided a detailed breakup and analysis of the market based on the type. This includes flat steel and long steel.

Product Insights:

Structural Steel
Prestressing Steel
Bright Steel
Welding Wire and Rod
Iron Steel Wire
Ropes
Braids

A detailed breakup and analysis of the market based on the product have also been provided in the report. This includes structural steel, prestressing steel, bright steel, welding wire and rod, iron steel wire, ropes, and braids.

Application Insights:

Building and Construction
Electrical Appliances
Metal Products
Automotive
Transportation
Mechanical Equipment
Domestic Appliances

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes building and construction, electrical appliances, metal products, automotive, transportation, mechanical equipment, and domestic appliances.

Regional Insights:

Marmara
Central Anatolia
Mediterranean
Aegean
Southeastern Anatolia
Blacksea
Eastern Anatolia

The report has also provided a comprehensive analysis of all the major regional markets, which include Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Blacksea, and Eastern Anatolia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Turkey Steel Market News:

In May 2025, Turkey introduced a new presidential decree to support investments in the steel sector. The updated system offers incentives for modernization, expansion, and green projects like energy efficiency and emissions reduction. Benefits include VAT exemptions, tax rebates, and loan subsidies, with additional support for sustainability-focused investments. Regional incentives are also provided, especially in steel-producing areas, promoting growth and environmental improvements in the industry.

Turkey Steel Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Product Application Region
Types Covered	Flat Steel, Long Steel
Products Covered	Structural Steel, Prestressing Steel, Bright Steel, Welding Wire and Rod, Iron Steel Wire, Ropes, Braids
Applications Covered	Building and Construction, Electrical Appliances, Metal Products, Automotive, Transportation, Mechanical Equipment, Domestic Appliances
Regions Covered	Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Blacksea, Eastern Anatolia
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Turkey steel market performed so far and how will it perform in the coming years?
What is the breakup of the Turkey steel market on the basis of type?
What is the breakup of the Turkey steel market on the basis of product?
What is the breakup of the Turkey steel market on the basis of application?
What is the breakup of the Turkey steel market on the basis of region?
What are the various stages in the value chain of the Turkey steel market?
What are the key driving factors and challenges in the Turkey steel market?
What is the structure of the Turkey steel market and who are the key players?
What is the degree of competition in the Turkey steel market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Turkey steel market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Turkey steel market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Turkey steel industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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Turkey Steel Market