Türkiye

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World scrap prices remained at the level of the previous week – $383/t

In the week of December 5-12, 2022, scrap quotations in Turkiye remained at $383/t

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Montenegrin EPCG to purchase the Turkish Tosyali steel plant for €20 million

Toscelik Niksic produces non-alloy steel, roller-bearing steel, tool steel, and heat-resistant steel

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Turkiye to conduct anti-dumping investigations due to rising imports — TCUD

Currently, the country is conducting an investigation into the countries of the Far East

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Turkiye increased scrap imports by 5.1% m/m in October 2022

In January-October 2022, the import of scrap metal decreased by 10.4% year-on-year

Prices on the world rebar market remain unstable

European producers are trying to push the market, and export prices have increased in Turkiye

Turkiye reduced steel production by 17.8% y/y in October 2022

Steel production fell by 10.1% year-on-year in 10 months

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Turkish steelmakers fear India’s entry into the local steel market

The abolition of the export duty on steel in India may increase the import of cheaper products to the domestic market of Turkiye

The cost of energy continues to affect Turkish steelmakers – CIB

The share of energy costs in the steel industry increased from 7% to 27%

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Turkiye imported 86,000 tons of iron ore from Ukraine in September 2022

In January-September 2022, the import of Ukrainian iron ore by Turkiye decreased by 37.05%

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The EU initiates an anti-dumping investigation about bars from Turkiye and China

The investigation was initiated by the Spanish rolling company Laminados Losal

Turkish Cemtas invests $1.4 million in a solar power plant

It is planned that the facility will start operating in the third quarter of 2023

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The share of energy resources expenditure in Turkish steel sector increased to 30% – TCUD

Before the increase in the cost of electricity and gas, the share of energy resources from the total costs of steel production was 7-8%

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