Türkiye

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Turkish Kardemir plans to invest $1 billion over five years

In 2023, the company will complete 13 different environmental investments

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Türkiye again postponed the increase in import duties on flat products

Market participants are already anticipating a further delay

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Turkiye has reduced gas prices for industry by 20% since April

This is the third decrease in gas prices in the country in 2023. In February, gas for industry became cheaper by 13-17%, and in March – by 21-26%

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Energy costs of Turkish steelmakers will continue to decrease – CIB

The level of gas prices in Turkiye may balance with the cost of energy resources in the EU already in June of this year

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Turkiye’s steelmakers can increase steel exports under the condition of energy support

The country's steel sector is also under pressure from price fluctuations for imported scrap

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Turkiye imported 30,000 tons of iron ore from Ukraine in January

Turkish steelmakers reduced their purchases of Ukrainian steel by 80.8% y/y

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Turkiye imported 31.36 thousand tons of pig iron from Ukraine in January

During the month, Turkish steelmakers increased the import of Ukrainian pig iron by 69.6% y/y

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Russian suppliers of slabs reduce prices for Turkiye

Suppliers from the Russian Federation have to compete with Asian imports

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Turkiye reduced steel production by 19.2% m/m in February 2023

During the month, Turkish steelmakers produced 2.1 million tons of steel

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Global scrap prices are falling amid low market activity

Scrap quotations on the Turkish market for the week of March 13-20, 2023, decreased by $5/t

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Turkiye’s Borusan Mannesmann loses appeal against Section 232 tariffs

The company contested the application of the 25% duty on top of existing anti-dumping duties

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