Türkiye

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Turkiye increased the import of pig iron from Ukraine by 26.7% m/m in November 2022

In January-November 2022, deliveries of Ukrainian pig iron to Turkish steelmakerts decreased by 50.3% year-on-year

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Turkiye’s Tosyalı and AD Ports Group will cooperate in the field of logistics

The agreement, in particular, provides for the possibility of joint investment in new port facilities

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World scrap prices are falling for the second week in a row

Scrap quotations in Turkiye for the week of January 16-23, 2023, decreased to $410/t

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The share of steel sector in Turkiye’s exports in 2022 was 14% in monetary terms

The industry was affected by the war in Ukraine and high energy prices

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World scrap prices were adjusted after a sharp increase – $413/t

Scrap quotations in Turkiye for the week of January 9-16, 2023, decreased by $7/t against the background of reduced demand for finished steel products

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The European Commission did not change its steel safeguards after the WTO dispute

At the same time, the EC amended the regulation in accordance with the rules of the World Trade Organization

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Global rebar prices rise amid renewed demand

Rebar quotations in Turkiye rose by 2.1% in early January, and in China – by 1.4%

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World prices for scrap at the beginning of 2023 increased sharply to $420/t

Scrap quotations in Turkiye for the week of January 2-9, 2023, rose by $13/t amid steady demand for finished steel products

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Turkiye reduced scrap imports by 8.2% m/m in November 2022

In January-November 2022, the import of raw materials decreased by 12.8% year-on-year

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Turkiye’s steel industry will end 2022 with a drop in production by more than 13%

The main reasons for the decline in steel production are low demand and high energy costs

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Turkiye announced a 16% discount on electricity for industry

The energy market regulatory body also reduced the maximum price of electricity on the free market to 4.2 thousand lira/MWh

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