Türkiye

The capacity expansion project began in 2021

The cost of passage through the straits will increase to $4.42 per ton of cargo

The volumes of steel imports to Turkiye for January-April 2003 increased by 11.9% y/y

In January-April, the total volume of import deliveries of raw materials to Turkish consumers decreased by 23% y/y

The pause in production was used to modernize the division and commission new equipment

In January-March 2023, Turkish steelmakers reduced the import of Ukrainian pig iron by 1.8% y/y

During the month, Turkish steelmakers produced 2.68 million tons of steel

The company aims to increase its own electricity production from 15 million kWh per year to 60 million kWh

The construction of the new enterprise is planned to be completed in three years

Activity in the Turkish and Chinese markets picked up as commodity prices reached operational levels

The country's steel industry has an advantage due to the extensive use of EAF

Sales revenue in January-March 2023 increased by 102.8% year-on-year