Türkiye - Latest news GMK Center

In December, Turkish steelmakers increased imports of Ukrainian iron by 28.4% y/y

In December 2022, Turkish consumers received 6.4 thousand tons of Ukrainian hot-rolled steel

Activity in the Turkish scrap market is almost zero due to the shutdown of steel mills due to the earthquake

In total, during the year, the country's steelmakers imported 2.52 million tons of such products

Steel processing plants in the south of the country may not work until the end of February

Prices for imported scrap on the Turkish market did not change on February 10

The company received $48.9 million from the United States customs authorities

Steel plants in the region have temporarily suspended operations to assess damage and logistical capabilities

Suppliers hold back scrap sales, expecting better prices

Forecasts are based on the stabilization of factors related to the war in Ukraine and a decrease in energy prices

In 2022, the import of scrap metal decreased by 16.5% on an annual basis

European producers have not managed to increase prices, and the Asian market is defined with trends