Türkiye - Latest news GMK Center

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

The level of capacity utilization in the industry in January-March 2023 fell to 53%

Steelmakers are refusing to buy scrap because they are unsure of future steel sales

Insurance examinations are ongoing at the facilities of the steel plant

During the month, Turkish steelmakers produced 2.71 million tons of steel

Lower energy prices should help steel producers

The European Commission has established that Turkish companies are actually helping Indonesian companies to circumvent previously introduced protective measures

The future of the world scrap market depends on the recovery of demand for finished steel products

China is reinforcing this trend by trying to expand exports at reduced prices