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Türkiye - Latest news GMK Center

Photo – Arvedi Group plans to sell a Turkish asset to a local company
Arvedi Group plans to sell a Turkish asset to a local company

AST Turkey business was acquired from Thyssenkrupp in 2021

Photo – Turkiye’s steel capacity utilization fell to 55% – TCUD
Turkiye’s steel capacity utilization fell to 55% – TCUD

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

Photo – Turkiye reduced pig iron import by 13.5% y/y in January-September
Turkiye reduced pig iron import by 13.5% y/y in January-September

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

Photo – Turkiye increased steel output to the maximum since June 2022 in October
Turkiye increased steel output to the maximum since June 2022 in October

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

Photo – Turkiye increased rebar exports by 9.3% m/m in September
Turkiye increased rebar exports by 9.3% m/m in September

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

Photo – Turkiye increased consumption of steel products by 30.3% y/y in September
Turkiye increased consumption of steel products by 30.3% y/y in September

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

Photo – Türkiye plans to introduce a national emissions trading system in 2024
Türkiye plans to introduce a national emissions trading system in 2024

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

Photo – Turkiye begins evaluation of safeguard measures on wire rod imports
Turkiye begins evaluation of safeguard measures on wire rod imports

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

Photo – Turkiye extended anti-dumping duties on thick-rolled steel from China
Turkiye extended anti-dumping duties on thick-rolled steel from China

Current duty rates on these imports are 16.89-22.55%

Photo – Turkiye reduced scrap imports by 22.3% y/y in September
Turkiye reduced scrap imports by 22.3% y/y in September

In January-September, import deliveries of scrap to Turkish steelmakers decreased by 16.4%

Photo – Turkiye has launched an anti-dumping investigation into a coil from four countries
Turkiye has launched an anti-dumping investigation into a coil from four countries

The investigation will refer to the hot-rolled steel by numerical positions

Photo – Turkish Isdemir reduced steel production by 19% y/y in January-September
Turkish Isdemir reduced steel production by 19% y/y in January-September

Shipments in the specified period decreased by 16% year-on-year

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