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Türkiye - Latest news GMK Center

Photo – Asian producers have replaced the supply of long products from Russia to the EU
Asian producers have replaced the supply of long products from Russia to the EU

China, Türkiye, South Korea and India have become the beneficiaries of sanctions against Russian long products

Photo – The global trade in scrap in the first half of 2023 decreased by 8% y/y
The global trade in scrap in the first half of 2023 decreased by 8% y/y

The global indicator was influenced by Turkiye, whose scrap imports fell by 22% in January-June 2023

Photo – CBAM introduction will affect Turkish exporters
CBAM introduction will affect Turkish exporters

Experts note that competition will increase for countries that are slowly preparing for the implementation of the mechanism

Photo – Turkish steelmakers are calling for the introduction of tariffs on imported steel
Turkish steelmakers are calling for the introduction of tariffs on imported steel

In this way, steel producers plan to prevent the increase in imports of dumped and low-quality products and to resume exports

Photo – Turkiye reduced scrap import by 23.3% y/y in June
Turkiye reduced scrap import by 23.3% y/y in June

In January-June, the total volume of imported supplies of raw materials to Turkish consumers decreased by 22.9% y/y

Photo – What to expect in the EU square billet market: the role of Ukraine and Turkiye
What to expect in the EU square billet market: the role of Ukraine and Turkiye

Ukraine provided 51% of European imports of square billets in January-April 2023

Photo – Türkiye reduced steel production by 16.3% y/y in the first half of 2023
Türkiye reduced steel production by 16.3% y/y in the first half of 2023

In June, Turkish steelmakers reduced steel output by 1.5% y/y, but increased by 2% m/m

Photo – Turkiye’s Ozmert Algeria completes construction of DRI plant in Algeria
Turkiye’s Ozmert Algeria completes construction of DRI plant in Algeria

In November 2023, the company plans to put the facilities into operation and start test production

Photo – Turkish coated coil exports fell 50% y/y in January-May
Turkish coated coil exports fell 50% y/y in January-May

The reduction in supplies was caused by the introduction of an anti-dumping duty by the European Union and low demand in global markets

Photo – Turkiye imported 227.5 thousand tons of iron ore from Ukraine in May
Turkiye imported 227.5 thousand tons of iron ore from Ukraine in May

The supply of Ukrainian iron ore to Turkish consumers resumed for the first time since January 2023

Photo – Turkiye increased VAT on steel products to 20%
Turkiye increased VAT on steel products to 20%

Such a decision added even more uncertainty to the steel market in the country

Photo – Turkiye increased slab imports to a record level in 2023 in May
Turkiye increased slab imports to a record level in 2023 in May

During the month, Turkish steelmakers imported 480.7 thousand tons of slabs, which is 23.9 times more than y/y

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