Türkiye

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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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Turkiye’s steel industry will end 2022 with a drop in production by more than 13%

The main reasons for the decline in steel production are low demand and high energy costs

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Turkiye announced a 16% discount on electricity for industry

The energy market regulatory body also reduced the maximum price of electricity on the free market to 4.2 thousand lira/MWh

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The level of utilization of steelmaking capacities in Turkiye has fallen to 50% – TCUD

Loads of steel mills have decreased due to falling global demand for steel and rising electricity costs

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World prices for scrap stabilized against the background of stable orders – $387/t

In the week of December 19-26, 2022, scrap quotations in Turkiye were adjusted by $1/t – to $386-387/t

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World scrap prices are rising again after a week of stabilization

In the week of December 12-19, 2022, scrap quotations in Turkiye increased by $5/t – to $382-388/t

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Turkiye imported 77,000 tons of iron ore from Ukraine in October 2022

In January-October 2022, the import of Ukrainian iron ore by Turkiye decreased by 39.1%

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