Türkiye - Latest news GMK Center

Production of flat rolled products in January-September amounted to 5.2 million tons

In January-September, production increased by 13.8% y/y

The tests will be conducted in cooperation with Erdemir Engineering and the Irish Linde

Recently, the Turkish government imposed duties on imports of hot-rolled coils from Russia, China, India and Japan

Tariffs at the level of 6-43% of the CIF value will be applied to products originating in China, the Russian Federation, India and Japan

The export of this raw material from the EU in January-June amounted to 7.36 million tons

The total import of billets by Turkish consumers during the period decreased by 24.6% y/y

Since 2021, Turkish steel products in total Ukrainian rolled steel imports has increased from 19% to 53%.

In January-August, scrap supplies increased by 4% y/y

In January-August, production increased by 14.8% y/y

By 2030, OYAK Group will invest $3.2 billion in transformation

The total import of iron ore to the country for 7 months amounted to 6.68 million tons