Türkiye

Bloomberg
Turkiye imported 585.2 thousand tons of iron ore from Ukraine in 2022

Turkish steelmakers reduced their purchases of Ukrainian steel by 50.6% y/y

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Turkiye imported 157.5 thousand tons of pig iron from Ukraine in 2022

In December, Turkish steelmakers increased imports of Ukrainian iron by 28.4% y/y

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Turkiye imported 210.2 thousand tons of rolled steel from Ukraine in 2022

In December 2022, Turkish consumers received 6.4 thousand tons of Ukrainian hot-rolled steel

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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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