Türkiye

Türkiye increased steel consumption by 17.1% y/y in 2023

Steel exports from the country decreased by 31% y/y

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

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

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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

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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

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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

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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

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Turkish Erdemir plans to invest $3.2 billion in reducing emissions

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

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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

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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

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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

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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

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