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Türkiye - Latest news GMK Center

Photo – Turkiye reduced the import of pig iron from Ukraine by 36.7% y/y in January-August
Turkiye reduced the import of pig iron from Ukraine by 36.7% y/y in January-August

In this period, Ukrainian steelmakers exported 76.6 thousand tons of pig iron to Turkish consumers

Photo – Turkish Hasçelik invests in new production facilities
Turkish Hasçelik invests in new production facilities

The company will begin investments this year, the total volume of which will be about €200 million

Photo – Turkish Erdemir put into operation an updated blast furnace in October
Turkish Erdemir put into operation an updated blast furnace in October

Thanks to this step, the company will increase its annual production capacity

Photo – Turkiye imported 366.4 thousand tons of iron ore from Ukraine in January-August
Turkiye imported 366.4 thousand tons of iron ore from Ukraine in January-August

In August, Turkish steelmakers consumed 33,000 tons of Ukrainian-made iron ore

Photo – Turkiye increased steel production by 3.5% m/m in September
Turkiye increased steel production by 3.5% m/m in September

During the month, Turkish steelmakers produced 2.89 million tons of steel

Photo – Tenova will supply an electric arc furnace for Turkiye’s Hasçelik
Tenova will supply an electric arc furnace for Turkiye’s Hasçelik

The company invests in increasing competitiveness in the market of high grades of steel

Photo – Turkish steelmakers expect competition from the Persian Gulf countries
Turkish steelmakers expect competition from the Persian Gulf countries

It is difficult for Turkish producers to compete with the region's steelmakers due to higher costs

Photo – Turkiye increased rebar exports by 12.1% m/m in August
Turkiye increased rebar exports by 12.1% m/m in August

Shipments fell by 35.8% year-on-year

Photo – The importance of the African market is growing for Turkish steelmakers
The importance of the African market is growing for Turkish steelmakers

The country's steel producers are concentrating on alternative directions to compensate for the losses

Photo – Turkiye’s Kardemir aims to become a global producer
Turkiye’s Kardemir aims to become a global producer

The company's goal is to increase the production of steel with high added value to 3.5 million tons

Photo – Turkiye reduced scrap imports by 6.4% y/y in August
Turkiye reduced scrap imports by 6.4% y/y in August

In January-August, import deliveries of scrap to Turkish steelmakers decreased by 15.8%

Photo – Türkiye has increased gas prices for industry by 20% since October
Türkiye has increased gas prices for industry by 20% since October

The last time gas prices in Turkiye increased in September 2022

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