Türkiye

In this way, steel producers plan to prevent the increase in imports of dumped and low-quality products and to resume exports

In January-June, the total volume of imported supplies of raw materials to Turkish consumers decreased by 22.9% y/y

Ukraine provided 51% of European imports of square billets in January-April 2023

In June, Turkish steelmakers reduced steel output by 1.5% y/y, but increased by 2% m/m

In November 2023, the company plans to put the facilities into operation and start test production

The reduction in supplies was caused by the introduction of an anti-dumping duty by the European Union and low demand in global markets

The supply of Ukrainian iron ore to Turkish consumers resumed for the first time since January 2023

Such a decision added even more uncertainty to the steel market in the country

During the month, Turkish steelmakers imported 480.7 thousand tons of slabs, which is 23.9 times more than y/y

The largest part among exporters of billets to the country is occupied by Russian suppliers

In May, China exported a total of 1.77 million tons of HRC

In January-May, the total volume of import deliveries to Turkish consumers decreased by 22.8% y/y