Türkiye - Latest news GMK Center

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

The largest part among exporters of billets to the country is occupied by Russian suppliers

In May, China exported a total of 1.77 million tons of HRC

In January-May, the total volume of import deliveries to Turkish consumers decreased by 22.8% y/y

During the month, Turkish steelmakers produced 2.88 million tons of steel

The generated electricity will be used to meet production needs

The capacity expansion project began in 2021

The cost of passage through the straits will increase to $4.42 per ton of cargo

The volumes of steel imports to Turkiye for January-April 2003 increased by 11.9% y/y