Turkiye announced a 16% discount on electricity for industry

The energy market regulatory body also reduced the maximum price of electricity on the free market to 4.2 thousand lira/MWh

The level of utilization of steelmaking capacities in Turkiye has fallen to 50% – TCUD

Loads of steel mills have decreased due to falling global demand for steel and rising electricity costs

World prices for scrap stabilized against the background of stable orders – $387/t

In the week of December 19-26, 2022, scrap quotations in Turkiye were adjusted by $1/t – to $386-387/t

World scrap prices are rising again after a week of stabilization

In the week of December 12-19, 2022, scrap quotations in Turkiye increased by $5/t – to $382-388/t

Turkiye imported 77,000 tons of iron ore from Ukraine in October 2022

In January-October 2022, the import of Ukrainian iron ore by Turkiye decreased by 39.1%

Turkiye increased imports of pig iron from Ukraine by 85% y/y in October 2022

In January-October 2022, deliveries of Ukrainian pig iron to Turkish steelmakers decreased by 43.9% year-on-year

Yukselen Celik will increase production capacity to 200,000 tons of special steel per year

The company's investment in the new service center will amount to $7-8 million

MENA rebar producers are losing $50-70 million per month due to changes in global trade flows

Exporters from India, Turkiye and the Russian Federation are more active in the MENA market

World scrap prices remained at the level of the previous week – $383/t

In the week of December 5-12, 2022, scrap quotations in Turkiye remained at $383/t

Montenegrin EPCG to purchase the Turkish Tosyali steel plant for €20 million

Toscelik Niksic produces non-alloy steel, roller-bearing steel, tool steel, and heat-resistant steel

Turkiye to conduct anti-dumping investigations due to rising imports — TCUD

Currently, the country is conducting an investigation into the countries of the Far East

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