Türkiye

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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

Turkish steel producer İçdaş invests $977 million in capacity expansion

This project has already been approved by the Ministry of Environment and Urbanization of Turkiye

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China became the largest net exporter of flat steel to Turkiye in 8 months of 2022

The best export/import ratio of flat rolled products was observed in Turkiye's trade with Ukraine

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Türkiye cut steel production by 21% y/y in August 2022

In January-August 2022, steel production by Turkish steelmakers decreased by 8.8% year-on-year

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Türkiye reduced steel imports by 2.7% y/y in January-August 2022

Product deliveries from Ukraine decreased by 75.5% y/y due to the blockade of Ukrainian ports

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Türkiye increased imports of scrap metal by 17.5% m/m in August 2022

In January-August 2022, the import of scrap metal decreased by 10.3% year-on-year

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Türkiye to refuse investments in new steel projects

Due to the increase in electricity tariffs, Turkish steelmakers are trying to maintain their existing production capacity

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