Türkiye

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Turkiye imported 75 thousand tons of ore from Ukraine in January

The total import of raw materials to the country in January 2024 decreased by 18.7% y/y

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Turkiye to increase exports of steel products in 2024 – forecast

In 2024, steel production may exceed 40.4 million tons

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Turkiye’s Borusan announces $1.4 billion investment in the next three years

The largest share of investments will be directed to the production of flat rolled products

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Turkiye increased scrap imports by 36% y/y in January

The demand for imported raw materials increased due to the increase in steel production

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Turkiye increased steel production by 25% y/y in January

In a month, Turkish steelmakers produced 3.25 million tons of steel

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Turkiye’s Kardemir plans to invest $1.5 billion in the next five years

The company also intends to increase steel production from 2.5 to 3.5 million tons in the short term

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What is happening in the Turkish steel market

Local companies focus on the domestic market and expect to continue exporting to the EU after the introduction of CBAM

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Turkiye’s Isdemir to build 140 MW solar power plant in Diyarbakir

The company continues to implement plans for decarbonization of production

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Turkiye reduced rebar exports by 37.7% y/y in 2023

The main export destinations were Israel and Yemen

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Turkiye imported about 600 thousand tons of iron ore from Ukraine in 2023

The total import of iron ore by Turkish consumers amounted to 9.58 million tons

Türkiye increased steel consumption by 17.1% y/y in 2023

Steel exports from the country decreased by 31% y/y

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