Türkiye - Latest news GMK Center

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

In January-September, scrap supplies increased by 6.3% y/y

The total billet import by Turkish consumers during the period decreased by 16% y/y

Export of steel products increased by 31.6% y/y for 9 months, while import fell by 12.5% ​​y/y

The main export destinations were Palestine, Yemen, and Albania