Türkiye

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Turkish Erdemir plans to invest $3.2 billion in reducing emissions

The company intends to reduce carbon emissions by 25% by 2030

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Turkiye reduced the import of billets from Ukraine by 43% y/y in January-November

During November, deliveries of Ukrainian blanks to Turkish consumers increased by 28.5% y/y

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Turkiye reduced scrap imports by 12.7% y/y

In November, the country increased the import of this raw material by 17.1% compared to November 2022

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Turkiye’s Yıldız is investing in the construction of a hot rolling mill in 2024

The company is also preparing for the commissioning of a solar power plant

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Turkiye increased steel production in November to the highest level since May 2022

In January-November, Turkish steelmakers produced 30.05 million tons of steel

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Turkiye becomes a net importer of steel for the first time since 2015 – CIB

Steel imports to the country for 11 months of the current year amounted to 17.64 million tons, exports – 13.05 million tons

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WTO rules against Turkiye in dispute with the US over Section 232 duties

Turkish measures were recognized as contrary to the norms of the World Trade Organization

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Turkiye reduced pig iron import from Ukraine by 17.8% y/y in January-October

In general, the country reduced its import of pig iron during this period by 5.5% y/y

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Turkiye increased its scrap imports by 41% m/m in October

In January-October, import deliveries of scrap to Turkish steelmakers decreased by 47.9%

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Turkiye may impose duties on hot-rolled steel from China, India, Japan and Russia

Preliminary measures can be introduced already in December-January

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Arvedi Group plans to sell a Turkish asset to a local company

AST Turkey business was acquired from Thyssenkrupp in 2021

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Turkiye’s steel capacity utilization fell to 55% – TCUD

The degree of utilization of steel mills is affected by low demand for steel and weak margins

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