Türkiye - Latest news GMK Center

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

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

Turkish metallurgists produced 2.89 million tons of steel in a month

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

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

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

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

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

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

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

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

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