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Türkiye - Latest news GMK Center

Photo – Turkey’s Kardemir has secured a contract worth $2.25 million to export railway wheels
Turkey’s Kardemir has secured a contract worth $2.25 million to export railway wheels

The contract was concluded with a client based in the Czech Republic

Photo – The pig iron market in Brazil was stagnant in the first half of June
The pig iron market in Brazil was stagnant in the first half of June

Prices in most regional markets remained stable over the same period

Photo – Turkey is increasing the fee for ships passing through the Bosphorus and the Dardanelles by 15 per cent
Turkey is increasing the fee for ships passing through the Bosphorus and the Dardanelles by 15 per cent

From 2022, the fee amounts are updated annually: indexation takes place on 1 July each year

Photo – Russian slabs are driving Ukrainian pipe producers out of their own market via Turkiye
Russian slabs are driving Ukrainian pipe producers out of their own market via Turkiye

Between 2022 and 2025, 131,000 tonnes of pipes were imported into Ukraine from Turkey, with the annual import volume increasing two to threefold

Photo – Turkey increased steel exports by 11.3% y/y in April
Turkey increased steel exports by 11.3% y/y in April

At the same time, the figure fell by 3.3% y/y between January and April

Photo – Billet prices rose by $10–20 per ton in regional markets in May
Billet prices rose by $10–20 per ton in regional markets in May

May began on an optimistic note amid the holidays in China, but ended with a drop in prices due to Eid al-Adha

Photo – Prices on regional slab markets rose by $5–20 per ton in May
Prices on regional slab markets rose by $5–20 per ton in May

Prices for Asian slabs continued to rise amid a shortage of supplies from Iran

Photo – Brazilian pig iron average prices rose by $15 per ton in May
Brazilian pig iron average prices rose by $15 per ton in May

Prices for pig iron in the Black Sea region rose by $8 per ton last month

Photo – Glencore begins scrap trade from the EU to Turkiye
Glencore begins scrap trade from the EU to Turkiye

The company is handling this shipment through an exporter based in the Baltic region

Photo – Kardemir increased steel production by 2.7% y/y in Q1
Kardemir increased steel production by 2.7% y/y in Q1

During the reporting period, Kardemir reported a net profit of $540,000, compared with a loss last year

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