Türkiye

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Turkiye lowers natural gas prices for industry by 13-17%

Lower prices will help Turkish steel producers, whose competitiveness is at a low level

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Turkiye reduced steel exports by 17.7% y/y in 2022 – CIB

The country's steelmakers can regain competitiveness in the second half of 2023

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Turkiye increased the import of pig iron from Ukraine by 26.7% m/m in November 2022

In January-November 2022, deliveries of Ukrainian pig iron to Turkish steelmakerts decreased by 50.3% year-on-year

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Turkiye’s Tosyalı and AD Ports Group will cooperate in the field of logistics

The agreement, in particular, provides for the possibility of joint investment in new port facilities

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World scrap prices are falling for the second week in a row

Scrap quotations in Turkiye for the week of January 16-23, 2023, decreased to $410/t

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The share of steel sector in Turkiye’s exports in 2022 was 14% in monetary terms

The industry was affected by the war in Ukraine and high energy prices

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World scrap prices were adjusted after a sharp increase – $413/t

Scrap quotations in Turkiye for the week of January 9-16, 2023, decreased by $7/t against the background of reduced demand for finished steel products

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The European Commission did not change its steel safeguards after the WTO dispute

At the same time, the EC amended the regulation in accordance with the rules of the World Trade Organization

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Global rebar prices rise amid renewed demand

Rebar quotations in Turkiye rose by 2.1% in early January, and in China – by 1.4%

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World prices for scrap at the beginning of 2023 increased sharply to $420/t

Scrap quotations in Turkiye for the week of January 2-9, 2023, rose by $13/t amid steady demand for finished steel products

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Turkiye reduced scrap imports by 8.2% m/m in November 2022

In January-November 2022, the import of raw materials decreased by 12.8% year-on-year

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