Türkiye

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Turkish Erdemir put into operation an updated blast furnace in October

Thanks to this step, the company will increase its annual production capacity

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Turkiye imported 366.4 thousand tons of iron ore from Ukraine in January-August

In August, Turkish steelmakers consumed 33,000 tons of Ukrainian-made iron ore

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Turkiye increased steel production by 3.5% m/m in September

During the month, Turkish steelmakers produced 2.89 million tons of steel

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Tenova will supply an electric arc furnace for Turkiye’s Hasçelik

The company invests in increasing competitiveness in the market of high grades of steel

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Turkish steelmakers expect competition from the Persian Gulf countries

It is difficult for Turkish producers to compete with the region's steelmakers due to higher costs

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Turkiye increased rebar exports by 12.1% m/m in August

Shipments fell by 35.8% year-on-year

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The importance of the African market is growing for Turkish steelmakers

The country's steel producers are concentrating on alternative directions to compensate for the losses

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Turkiye’s Kardemir aims to become a global producer

The company's goal is to increase the production of steel with high added value to 3.5 million tons

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Turkiye reduced scrap imports by 6.4% y/y in August

In January-August, import deliveries of scrap to Turkish steelmakers decreased by 15.8%

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Türkiye has increased gas prices for industry by 20% since October

The last time gas prices in Turkiye increased in September 2022

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Türkiye increases electricity tariffs by 20% from October

Gas prices for industry are also expected to rise by 15-20%

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Turkiye reduced steel production by 3.5% m/m in August

During the month, Turkish steelmakers produced 2.79 million tons of steel

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