Türkiye

The share of energy costs in the steel industry increased from 7% to 27%

In January-September 2022, the import of Ukrainian iron ore by Turkiye decreased by 37.05%

The investigation was initiated by the Spanish rolling company Laminados Losal

It is planned that the facility will start operating in the third quarter of 2023

Before the increase in the cost of electricity and gas, the share of energy resources from the total costs of steel production was 7-8%

The plant's planned capacity will be about 3 million tons of pellets per year

Competitiveness of Turkish steel sector under threat due to high production costs and low demand for products

In January-September, steel production in the country fell by 9.3% year-on-year

In January-September, the import of scrap metal decreased by 10.5% year-on-year

Quotations of rebar in Turkiye last week fell by 3.6%, in Italy – by 5.5%, in China – by 2.6%

In January-August 2022, the import of Ukrainian iron ore by Turkiye decreased by 47.7%

As a result of the energy crisis in Europe, the production and supply of steel is reduced, which can positively affect imports from Turkiye