Türkiye

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Turkiye increased rebar exports by 45.6% y/y in February

The main export destinations were Romania, Israel and Yemen

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Türkiye cut steel production by 5% m/m in February

During the month, Turkish steelmakers produced 3.08 million tons of steel

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Türkiye’s steel industry needs EU-style subsidies and support – EIB

The industry should focus on investments in high-quality products and renewable energy sources

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Exporting countries have almost exhausted EU quotas for the first quarter for some items

Quotas on imports of long products by some countries have actually been selected despite weak consumption in the EU

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Turkiye’s Erdemir discovers 250 million tons of ore reserves in Bingöl province

Proven reserves will satisfy the company's raw material needs for 30-35 years

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Turkiye’s Borusan Boru starts trial production at plants in the US and Romania

The company announced the completion of investments in pipe assets

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Türkiye imported 21 thousand tons of steel billets from Ukraine in January

The last time Ukrainian products were imported was in November 2023

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Turkish Tosçelik plans to increase its share in the green steel market

The company intends to continue investing in the decarbonization of capacities

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Turkiye imported 75 thousand tons of ore from Ukraine in January

The total import of raw materials to the country in January 2024 decreased by 18.7% y/y

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Turkiye to increase exports of steel products in 2024 – forecast

In 2024, steel production may exceed 40.4 million tons

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Turkiye’s Borusan announces $1.4 billion investment in the next three years

The largest share of investments will be directed to the production of flat rolled products

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