Türkiye - Latest news GMK Center

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

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

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

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

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