Türkiye - Latest news GMK Center

The company aims to increase its own electricity production from 15 million kWh per year to 60 million kWh

The construction of the new enterprise is planned to be completed in three years

Activity in the Turkish and Chinese markets picked up as commodity prices reached operational levels

The country's steel industry has an advantage due to the extensive use of EAF

Sales revenue in January-March 2023 increased by 102.8% year-on-year

The steel market has slowed down, buyers enter into transactions only when they need to replenish stocks

In January-March 2023, the country imported 959,000 tons of this product

In the first quarter, Turkish steelmakers reduced the shipment of products for export by 48.3%

Import duties on rolled steel increased by an average of 7%

Since the beginning of 2023, the cost of natural gas in the country has decreased three times, reaching a 52.4-63.6% decrease by October 2022

Falling steel prices make it impossible to buy scrap at current prices

Since the beginning of 2023, the volume of imports of Chinese HRC to the country has increased sharply