Türkiye - Latest news GMK Center

Demand for scrap metal continues to rise following announcements by the Turkish government to rebuild cities after the earthquake

The new rates will come into effect on April 1, 2023

In one month, Turkish steelmakers produced 2.6 million tons of steel

Turkish steelmakers reduced their purchases of Ukrainian steel by 50.6% y/y

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