Turkiye reduced scrap imports by 10% y/y in 2023

In December, imported scrap supplies to Turkish steelmakers increased by 31.1% y/y

Turkiye reduced steel output by 4% y/y

Turkish steelmakers produced 33.71 million tons of steel in 2023

State and prospects of trade in steel products Ukraine-Turkiye

Turkish supplies accounted for almost 40% of all imports of steel products in 2023

Turkiye exhausts part of its import quotas for steel products to the EU for the first quarter

Quotas for some items have also already been chosen by China and India

Tosyali considers investment in flat products production in Saudi Arabia

The company will develop requirements for the complex for the production of 4 million tons of steel products per year

Turkiye, Bulgaria and Romania signed an agreement on demining the Black Sea

The initiative aims to make shipping safer, in particular for ships transporting goods from Ukraine

Turkish Erdemir plans to invest $3.2 billion in reducing emissions

The company intends to reduce carbon emissions by 25% by 2030

Turkiye reduced the import of billets from Ukraine by 43% y/y in January-November

During November, deliveries of Ukrainian blanks to Turkish consumers increased by 28.5% y/y

Turkiye reduced scrap imports by 12.7% y/y

In November, the country increased the import of this raw material by 17.1% compared to November 2022

Turkiye’s Yıldız is investing in the construction of a hot rolling mill in 2024

The company is also preparing for the commissioning of a solar power plant

Turkiye increased steel production in November to the highest level since May 2022

In January-November, Turkish steelmakers produced 30.05 million tons of steel

Turkiye becomes a net importer of steel for the first time since 2015 – CIB

Steel imports to the country for 11 months of the current year amounted to 17.64 million tons, exports – 13.05 million tons

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