Türkiye - Latest news GMK Center

The value of the deal was $162 million

Imports of Russian products to the country in February 2023 fell by 62.6% y/y

As part of the project, almost 200,000 solar panels will be installed

Russian slabs compete with Chinese HRC in Turkish market

The retrial was initiated in the fall of 2022, the parties were supposed to submit arguments in January 2023

China is breaking out of the general trend thanks to a recovery in steel demand

In 2023, the company will complete 13 different environmental investments

Market participants are already anticipating a further delay

This is the third decrease in gas prices in the country in 2023. In February, gas for industry became cheaper by 13-17%, and in March – by 21-26%

Target rebar sales volumes are 141 thousand tons

The level of gas prices in Turkiye may balance with the cost of energy resources in the EU already in June of this year

The country's steel sector is also under pressure from price fluctuations for imported scrap