Türkiye

Prices for imported scrap on the Turkish market did not change on February 10

The company received $48.9 million from the United States customs authorities

Steel plants in the region have temporarily suspended operations to assess damage and logistical capabilities

Suppliers hold back scrap sales, expecting better prices

Forecasts are based on the stabilization of factors related to the war in Ukraine and a decrease in energy prices

In 2022, the import of scrap metal decreased by 16.5% on an annual basis

European producers have not managed to increase prices, and the Asian market is defined with trends

Scrap quotations in Turkiye for the week of January 23-30, 2023, increased to $420/t

The import duty on hot-rolled coils has increased from 9% to 15%, and on cold-rolled coils – from 10% to 17%

Lower prices will help Turkish steel producers, whose competitiveness is at a low level

The country's steelmakers can regain competitiveness in the second half of 2023

In January-November 2022, deliveries of Ukrainian pig iron to Turkish steelmakerts decreased by 50.3% year-on-year