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Production increased by 9.4% compared to October

In the week of December 19-26, 2022, scrap quotations in Turkiye were adjusted by $1/t – to $386-387/t

In the sector of mining and beneficiation of ferrous metals, profits decreased by 27.6% y/y

In November 2022, supplies of coking coal to the country decreased by 25.96% y/y

In January-November 2022, the volume of steel production in the country fell by 1.4% y/y

In the week of December 12-19, 2022, scrap quotations in Turkiye increased by $5/t – to $382-388/t

CMRG consolidates raw material purchases of about 20 of the largest Chinese steel producers

During this period, the production of steel products fell by 0.7% y/y, and pig iron – by 0.4% y/y

Prices continue to be driven by positive market sentiment and demand expectations in China

In the week of December 5-12, 2022, scrap quotations in Turkiye remained at $383/t

In 2021, Chinese steelmakers exported more than 3 million tons of steel to the EU

On the Asian and American markets, prices for hot-rolled coils increased