Türkiye - Latest news GMK Center

Prices for Asian slabs continued to rise amid a supply shortage

Prices for Brazilian cast iron rose amid steady demand from the U.S. and the EU

Imports of steel products rose by 38.2% over the month amid calls from the industry for the introduction of protective measures

The market stabilized following a sharp rise in prices in certain segments in March

This move is part of the company's ongoing $2.5 billion investment in the country

The market was under pressure due to a shortage of supply and high transportation rates

Prices for oil and gas OCTG pipes in the U.S. remained stable during the same period

On an annual basis, these shipments decreased by 2.6%

Such purchases enable the country's steelmakers to reduce the cost of rolled steel

Due to the rainy season, the tight supply of cast iron in Brazil may persist until May

The investment is in line with the strategy to increase the share of high-value-added products

The industry association believes that the current approach undermines the competitiveness of the country's steelmakers