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Türkiye - Latest news GMK Center

Photo – Investments of Turkish Erdemir exceeded $1 billion in 2024
Investments of Turkish Erdemir exceeded $1 billion in 2024

Steel production volumes increased by 19% year-on-year in the year under review

Photo – Turkey imported 1.1 million tons of iron ore from Ukraine in 2024
Turkey imported 1.1 million tons of iron ore from Ukraine in 2024

Total imports of iron ore to the country for 12 months amounted to 10.01 million tons

Photo – Global scrap prices recovered by 1.5-2% since the beginning of the year
Global scrap prices recovered by 1.5-2% since the beginning of the year

Turkish steel mills fear further price increases

Photo – Turkey increased scrap imports by 6.7% y/y in 2024
Turkey increased scrap imports by 6.7% y/y in 2024

Over the year, the country's steelmakers consumed 20.09 million tons of imported raw materials

Photo – Turkey increased steel exports by 27.6% y/y in 2024
Turkey increased steel exports by 27.6% y/y in 2024

Steel imports last year increased by 1.7% y/y

Photo – Turkey’s Tosyal aims to cover 50% of energy needs from renewable sources
Turkey’s Tosyal aims to cover 50% of energy needs from renewable sources

The company plans to invest almost $1 billion in a solar energy project

Photo – Turkey increased steel production by 9.4% y/y in 2024
Turkey increased steel production by 9.4% y/y in 2024

Pig iron production increased by 17.2% year-on-year

Photo – Turkey’s Tosyalı expands investments in Europe and Africa
Turkey’s Tosyalı expands investments in Europe and Africa

The company is negotiating another major acquisition in Europe

Photo – Turkey imported 1.1 million tons of iron ore from Ukraine in January-November
Turkey imported 1.1 million tons of iron ore from Ukraine in January-November

Total imports of iron ore to the country for 11 months amounted to 9.08 million tons

Photo – Turkey exhausts part of its steel import quotas to the EU for Q1
Turkey exhausts part of its steel import quotas to the EU for Q1

The country, in particular, chose its quotas for wire rod

Photo – Turkey has established mechanisms to support exporters to comply with CBAM
Turkey has established mechanisms to support exporters to comply with CBAM

In particular, the country helps exporters reduce their carbon footprint and improve energy efficiency

Photo – Turkey produced 3 million tons of steel in November
Turkey produced 3 million tons of steel in November

In January-November, the company's production increased by 11.2% y/y

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