Türkiye

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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

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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

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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

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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

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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%

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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.com
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

dimaxtd.com.ua
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

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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

me.ekapija.com
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

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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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