Türkiye - Latest news GMK Center

Turkish measures were recognized as contrary to the norms of the World Trade Organization

In general, the country reduced its import of pig iron during this period by 5.5% y/y

In January-October, import deliveries of scrap to Turkish steelmakers decreased by 47.9%

Preliminary measures can be introduced already in December-January

AST Turkey business was acquired from Thyssenkrupp in 2021

The degree of utilization of steel mills is affected by low demand for steel and weak margins

In this period, Ukrainian steelmakers exported 121.5 thousand tons of pig iron to Turkish consumers

In January-October, Turkish steelmakers produced 27.45 million tons of steel

In January-September, Turkish steelmakers reduced the export of rebar by 44.9% y/y

During the month, steel exports decreased by 23.3% y/y, while imports increased by 10.9% y/y

The system will be developed in line with the EU's CBAM

The investigation will examine whether the increase in imports is hurting local producers