Türkiye

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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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What is happening in the Turkish steel market

Local companies focus on the domestic market and expect to continue exporting to the EU after the introduction of CBAM

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Turkiye’s Isdemir to build 140 MW solar power plant in Diyarbakir

The company continues to implement plans for decarbonization of production

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Turkiye reduced rebar exports by 37.7% y/y in 2023

The main export destinations were Israel and Yemen

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Turkiye imported about 600 thousand tons of iron ore from Ukraine in 2023

The total import of iron ore by Turkish consumers amounted to 9.58 million tons

Türkiye increased steel consumption by 17.1% y/y in 2023

Steel exports from the country decreased by 31% y/y

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Turkiye reduced scrap imports by 10% y/y in 2023

In December, imported scrap supplies to Turkish steelmakers increased by 31.1% y/y

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Turkiye reduced steel output by 4% y/y

Turkish steelmakers produced 33.71 million tons of steel in 2023

State and prospects of trade in steel products Ukraine-Turkiye

Turkish supplies accounted for almost 40% of all imports of steel products in 2023

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Turkiye exhausts part of its import quotas for steel products to the EU for the first quarter

Quotas for some items have also already been chosen by China and India

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Tosyali considers investment in flat products production in Saudi Arabia

The company will develop requirements for the complex for the production of 4 million tons of steel products per year

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