Türkiye - Latest news GMK Center

Total imports of billets by Turkish consumers grew by 5.3% y/y over the period

In Turkey, annual steel production at the company's facilities is estimated at 8 million tons

The first stage of implementation is planned for 2027-2034

Amid job cuts in Germany, Turkey remains optimistic about steel industry development

Turkish steel producer plans to reduce carbon emissions by 25% by 2030 and reach zero emissions – by 2050

Exports of steel products grew by 30.7% y/y over 10 months, while imports fell by 7.2% y/н

In January-October, scrap supplies increased by 5.5% y/y

The main export destinations were Palestine, Yemen, and the Dominican Republic

Steel producer plans to expand production of profiles and build a new smelting shop

In January-October, production increased by 12.4% y/y

Total imports of iron ore to the country for 9 months amounted to 8.14 million tons

Protectionist measures and high import tariffs have caused costs to rise in a number of industries