Türkiye - Latest news GMK Center

Scrap quotations in Turkiye for the week of January 9-16, 2023, decreased by $7/t against the background of reduced demand for finished steel products

At the same time, the EC amended the regulation in accordance with the rules of the World Trade Organization

Production is planned to start in 2024

Rebar quotations in Turkiye rose by 2.1% in early January, and in China – by 1.4%

Scrap quotations in Turkiye for the week of January 2-9, 2023, rose by $13/t amid steady demand for finished steel products

In January-November 2022, the import of raw materials decreased by 12.8% year-on-year

The main reasons for the decline in steel production are low demand and high energy costs

The energy market regulatory body also reduced the maximum price of electricity on the free market to 4.2 thousand lira/MWh

Loads of steel mills have decreased due to falling global demand for steel and rising electricity costs

In the week of December 19-26, 2022, scrap quotations in Turkiye were adjusted by $1/t – to $386-387/t

The complex will have a capacity of 4 million tons per year

In the week of December 12-19, 2022, scrap quotations in Turkiye increased by $5/t – to $382-388/t