Turkiye imported 30,000 tons of iron ore from Ukraine in January

Turkish steelmakers reduced their purchases of Ukrainian steel by 80.8% y/y

Turkiye imported 31.36 thousand tons of pig iron from Ukraine in January

During the month, Turkish steelmakers increased the import of Ukrainian pig iron by 69.6% y/y

Russian suppliers of slabs reduce prices for Turkiye

Suppliers from the Russian Federation have to compete with Asian imports

Turkiye reduced steel production by 19.2% m/m in February 2023

During the month, Turkish steelmakers produced 2.1 million tons of steel

Global scrap prices are falling amid low market activity

Scrap quotations on the Turkish market for the week of March 13-20, 2023, decreased by $5/t

Turkiye’s Borusan Mannesmann loses appeal against Section 232 tariffs

The company contested the application of the 25% duty on top of existing anti-dumping duties

Global scrap metal prices are supported by an upward trend in Turkiye

Scrap quotations on the Turkish market for the week of March 6-13, 2023, increased by $8/t, and since the beginning of the year – by $64/t

Turkiye increased scrap imports by 8% m/m in January 2023

During the month, Turkish steelmakers imported 1.36 million tons of raw materials

Turkiye agreed on a mechanism to control steel prices for reconstruction

5 million tons of steel will be needed to rebuild the regions affected by the earthquake

Coke chemists of AKHZ helped restore the Turkish Isdemir steel plant to work

Ukrainian specialists helped Turkish colleagues restore the coke-chemical wing of the plant after the earthquake

Turkiye has reduced gas prices for industry by 21-26% since March

This is the second consecutive decrease in the price of gas in the country in 2023. In February, gas for industry became cheaper by 13-17%

Steel prices are stabilizing in Turkiye for post-earthquake reconstruction

Producers of long rolled steel have stopped accepting orders for rebar from traders

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