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Türkiye - Latest news GMK Center

Photo – Ukraine regains leading position among iron ore exporters to Turkey
Ukraine regains leading position among iron ore exporters to Turkey

During January-February, Ukraine shipped 232,000 tons of heavy metals to Turkish consumers compared to 30,000 tons a year ago

Photo – Turkey imported 9.68 thousand tons of steel billets from Ukraine in February
Turkey imported 9.68 thousand tons of steel billets from Ukraine in February

In January-February 2024, this volume amounted to 30.68 thousand tons

Photo – Turkey imposes restrictions on steel exports to Israel
Turkey imposes restrictions on steel exports to Israel

In total, the restrictive measures will apply to the export of 54 categories of products

Photo – Turkey increased scrap imports by 32.5% y/y in February
Turkey increased scrap imports by 32.5% y/y in February

During January-February, import of raw materials increased by 34.6% y/y

Photo – Turkiye increased rebar exports by 45.6% y/y in February
Turkiye increased rebar exports by 45.6% y/y in February

The main export destinations were Romania, Israel and Yemen

Photo – Türkiye cut steel production by 5% m/m in February
Türkiye cut steel production by 5% m/m in February

During the month, Turkish steelmakers produced 3.08 million tons of steel

Photo – Türkiye’s steel industry needs EU-style subsidies and support – EIB
Türkiye’s steel industry needs EU-style subsidies and support – EIB

The industry should focus on investments in high-quality products and renewable energy sources

Photo – Exporting countries have almost exhausted EU quotas for the first quarter for some items
Exporting countries have almost exhausted EU quotas for the first quarter for some items

Quotas on imports of long products by some countries have actually been selected despite weak consumption in the EU

Photo – Turkiye’s Erdemir discovers 250 million tons of ore reserves in Bingöl province
Turkiye’s Erdemir discovers 250 million tons of ore reserves in Bingöl province

Proven reserves will satisfy the company's raw material needs for 30-35 years

Photo – Turkiye’s Borusan Boru starts trial production at plants in the US and Romania
Turkiye’s Borusan Boru starts trial production at plants in the US and Romania

The company announced the completion of investments in pipe assets

Photo – Türkiye imported 21 thousand tons of steel billets from Ukraine in January
Türkiye imported 21 thousand tons of steel billets from Ukraine in January

The last time Ukrainian products were imported was in November 2023

Photo – Turkish Tosçelik plans to increase its share in the green steel market
Turkish Tosçelik plans to increase its share in the green steel market

The company intends to continue investing in the decarbonization of capacities

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