Türkiye - Latest news GMK Center

The agreement itself was signed before the full-scale war began — on 3 February 2022

The funding was provided by the Spanish banking group BBVA

Prices for Turkish welded pipes rose by $3 per tonne over the same period

Weak demand and falling scrap metal prices pushed prices down

The country’s steelmakers need to expand into markets outside Europe, according to ÇİB

Following a period of high prices in the market, a correction set in

Over the same period, total steel imports rose slightly — by 0.5% year-on-year — to 7.5 million tonnes

Last month, cast iron prices on a Black Sea FOB basis fell due to a drop in scrap metal prices and low demand

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

Prices in most regional markets remained stable over the same period

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

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