Türkiye

Recently, the Turkish government imposed duties on imports of hot-rolled coils from Russia, China, India and Japan

Tariffs at the level of 6-43% of the CIF value will be applied to products originating in China, the Russian Federation, India and Japan

The export of this raw material from the EU in January-June amounted to 7.36 million tons

The total import of billets by Turkish consumers during the period decreased by 24.6% y/y

Since 2021, Turkish steel products in total Ukrainian rolled steel imports has increased from 19% to 53%.

In January-August, scrap supplies increased by 4% y/y

In January-August, production increased by 14.8% y/y

By 2030, OYAK Group will invest $3.2 billion in transformation

The total import of iron ore to the country for 7 months amounted to 6.68 million tons

During 7 months, Ukrainian steelmakers shipped 94.95 thousand tons of relevant products to Turkish consumers

Imports of Chinese steel into the country continue to grow exponentially

During the period, domestic consumption of steel fell by 6.3% y/y, and exports increased by 45.3% y/y