Железная руда
In 2024, Turkish steel enterprises imported 1.09 million tons of iron ore from Ukraine compared to 581.56 thousand tons in 2023 (+88.2% y/y). This is evidenced by preliminary data from the Turkish Statistical Institute (TUIK), SteelOrbis reports.
Ukraine ranks second among the largest suppliers of iron ore to Turkey. However, in November-December, Turkish consumers did not import iron ore of Ukrainian origin.
Overall, Turkey increased its iron ore imports by 12.6% y/y – to 10.01 million tons, while its costs increased by 8.7% y/y – to $1.21 billion. In December, the country imported 924.54 thousand tons of this raw material, up 245.1% compared to November and down 0.1% year-on-year. Import costs for the month amounted to $81.74 mln, up 160.3% m/m and 33.1% y/y.
Brazil is the main supplier of raw materials in 2024 – 5.28 million tons (-3.3% y/y). Uzbekistan shipped 1 million tons of ore to Turkey (+70.6% y/y), Sweden – 989.17 thousand tons (-33.1% y/y).
As GMK Center reported earlier, in 2023, Turkey reduced imports of iron ore from Ukraine by 1% compared to 2022, to 582 thousand tons. The total volume of iron ore imports to the country in the period under review fell by 4% y/y – to 9.58 million tons.
Turkey ranks eighth in the world in terms of steel production. In 2024, Turkish steelmakers increased steel production by 9.4% compared to 2023, to 36.89 million tons.
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