Türkiye

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Exporting countries have almost exhausted EU quotas for the first quarter for some items

Quotas on imports of long products by some countries have actually been selected despite weak consumption in the EU

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Turkiye’s Erdemir discovers 250 million tons of ore reserves in Bingöl province

Proven reserves will satisfy the company's raw material needs for 30-35 years

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Turkiye’s Borusan Boru starts trial production at plants in the US and Romania

The company announced the completion of investments in pipe assets

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Türkiye imported 21 thousand tons of steel billets from Ukraine in January

The last time Ukrainian products were imported was in November 2023

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Turkish Tosçelik plans to increase its share in the green steel market

The company intends to continue investing in the decarbonization of capacities

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Turkiye imported 75 thousand tons of ore from Ukraine in January

The total import of raw materials to the country in January 2024 decreased by 18.7% y/y

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Turkiye to increase exports of steel products in 2024 – forecast

In 2024, steel production may exceed 40.4 million tons

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Turkiye’s Borusan announces $1.4 billion investment in the next three years

The largest share of investments will be directed to the production of flat rolled products

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Turkiye increased scrap imports by 36% y/y in January

The demand for imported raw materials increased due to the increase in steel production

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Turkiye increased steel production by 25% y/y in January

In a month, Turkish steelmakers produced 3.25 million tons of steel

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Turkiye’s Kardemir plans to invest $1.5 billion in the next five years

The company also intends to increase steel production from 2.5 to 3.5 million tons in the short term

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