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Türkiye - Latest news GMK Center

Photo – Türkiye increases electricity tariffs by 20% from October
Türkiye increases electricity tariffs by 20% from October

Gas prices for industry are also expected to rise by 15-20%

Photo – Turkiye reduced steel production by 3.5% m/m in August
Turkiye reduced steel production by 3.5% m/m in August

During the month, Turkish steelmakers produced 2.79 million tons of steel

Photo – Turkiye imported 333.4 thousand tons of iron ore from Ukraine in January-July
Turkiye imported 333.4 thousand tons of iron ore from Ukraine in January-July

In July, Turkish steelmakers consumed 3.2 thousand tons of Ukrainian-made iron ore

Photo – Recovery of the steel market in 2024 is unlikely – CIB
Recovery of the steel market in 2024 is unlikely – CIB

The Turkish professional association expects the country's exports to reach $14-45 billion in 2023

Photo – Türkiye imported 28.3 thousand tons of steel billets from Ukraine in July
Türkiye imported 28.3 thousand tons of steel billets from Ukraine in July

In July 2022, Turkish steelmakers did not import relevant products from Ukraine

Photo – Turkish Yukselen Celik enters the European market
Turkish Yukselen Celik enters the European market

The special steel producer expects to expand its export activities in Europe

Photo – Turkish steelmakers need support in the fight against rising imports
Turkish steelmakers need support in the fight against rising imports

TCUD believes that the steel sector industry needs competitive energy prices

Photo – Türkiye increased scrap imports by 37.3% y/y in July
Türkiye increased scrap imports by 37.3% y/y in July

Deliveries of scrap to Turkish steelmakers increased for the first time in the last three months

Photo – Türkiye increased rebar exports by 8.2% m/m in July
Türkiye increased rebar exports by 8.2% m/m in July

Since April of this year, local metallurgists have been gradually increasing the export of rebar

Photo – The Turkish Central Bank has sharply raised lending rates to 25%
The Turkish Central Bank has sharply raised lending rates to 25%

This led to a sharp appreciation of the lira against other currencies, and domestic steel trading stopped

Photo – Türkiye increased steel production by 6.4% y/y in July
Türkiye increased steel production by 6.4% y/y in July

Turkish metallurgists produced 2.89 million tons of steel in a month

Photo – Turkiye imported 330 thousand tons of iron ore from Ukraine in January-June
Turkiye imported 330 thousand tons of iron ore from Ukraine in January-June

In June, Turkish metallurgists consumed 72,700 tons of Ukrainian-made ferrous metals

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