Türkiye

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World prices for scrap metal decreased slightly amid the consequences of the earthquake in Turkiye

Activity in the Turkish scrap market is almost zero due to the shutdown of steel mills due to the earthquake

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Turkiye imported 117.5 thousand tons of steel billets from Ukraine in 2022

In total, during the year, the country's steelmakers imported 2.52 million tons of such products

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The earthquake paralyzed a third of the steel production capacity in Turkiye

Steel processing plants in the south of the country may not work until the end of February

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Iskenderun steel mills announce force majeure

Prices for imported scrap on the Turkish market did not change on February 10

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Turkiye’s Borusan Mannesmann wins Section 232 lawsuit against US

The company received $48.9 million from the United States customs authorities

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Iskenderun steelmakers did not suffer significant damage as a result of the earthquake

Steel plants in the region have temporarily suspended operations to assess damage and logistical capabilities

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World scrap prices continue to rise amid tight supply

Suppliers hold back scrap sales, expecting better prices

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TCUD predicts an increase in steel production in Turkiye in 2023

Forecasts are based on the stabilization of factors related to the war in Ukraine and a decrease in energy prices

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Turkiye reduced scrap imports by 4.5% m/m in December 2022

In 2022, the import of scrap metal decreased by 16.5% on an annual basis

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The global rebar market in January 2023 was marked by a slowdown

European producers have not managed to increase prices, and the Asian market is defined with trends

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World scrap prices increased by $10/t on the background of demand recovery

Scrap quotations in Turkiye for the week of January 23-30, 2023, increased to $420/t

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Turkiye increases import duties on flat rolled products

The import duty on hot-rolled coils has increased from 9% to 15%, and on cold-rolled coils – from 10% to 17%

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