Türkiye

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Global scrap metal prices are supported by an upward trend in Turkiye

Scrap quotations on the Turkish market for the week of March 6-13, 2023, increased by $8/t, and since the beginning of the year – by $64/t

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Turkiye increased scrap imports by 8% m/m in January 2023

During the month, Turkish steelmakers imported 1.36 million tons of raw materials

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Turkiye agreed on a mechanism to control steel prices for reconstruction

5 million tons of steel will be needed to rebuild the regions affected by the earthquake

metinvest.media
Coke chemists of AKHZ helped restore the Turkish Isdemir steel plant to work

Ukrainian specialists helped Turkish colleagues restore the coke-chemical wing of the plant after the earthquake

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Turkiye has reduced gas prices for industry by 21-26% since March

This is the second consecutive decrease in the price of gas in the country in 2023. In February, gas for industry became cheaper by 13-17%

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Steel prices are stabilizing in Turkiye for post-earthquake reconstruction

Producers of long rolled steel have stopped accepting orders for rebar from traders

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Global scrap prices are rising amid improving market sentiment

Demand for scrap metal continues to rise following announcements by the Turkish government to rebuild cities after the earthquake

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Turkiye postponed the increase in tariffs on the import of flat rolled products

The new rates will come into effect on April 1, 2023

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Turkiye reduced steel production by 2% m/m in January 2023

In one month, Turkish steelmakers produced 2.6 million tons of steel

Bloomberg
Turkiye imported 585.2 thousand tons of iron ore from Ukraine in 2022

Turkish steelmakers reduced their purchases of Ukrainian steel by 50.6% y/y

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Turkiye imported 157.5 thousand tons of pig iron from Ukraine in 2022

In December, Turkish steelmakers increased imports of Ukrainian iron by 28.4% y/y

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Turkiye imported 210.2 thousand tons of rolled steel from Ukraine in 2022

In December 2022, Turkish consumers received 6.4 thousand tons of Ukrainian hot-rolled steel

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