Türkiye

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Turkiye imported 86,000 tons of iron ore from Ukraine in September 2022

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

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The EU initiates an anti-dumping investigation about bars from Turkiye and China

The investigation was initiated by the Spanish rolling company Laminados Losal

Turkish Cemtas invests $1.4 million in a solar power plant

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

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The share of energy resources expenditure in Turkish steel sector increased to 30% – TCUD

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%

Turkish Erdemir to build a plant for the production of pellets for $550 million

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

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Turkish steelmakers call on the authorities to provide state support to the industry

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

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Turkiye in September 2022 reduced steel production by 19% y/y

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

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Turkiye reduced import of scrap metal by 14% m/m in September 2022

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

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Global rebar prices are falling amid low demand in the construction sector

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

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Turkiye reduced iron ore imports from Ukraine by 60% y/y in August 2022

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

Turkish steelmakers expect an increase in steel exports to the EU from 2023

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

Turkiye increased imports of pig iron from Ukraine by 60% y/y in August 2022

In January-August 2022, supplies of Ukrainian pig iron to Turkish steelmakers decreased by 41.7% year-on-year

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