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Türkiye - Latest news GMK Center

Photo – Turkish steel producer İçdaş invests $977 million in capacity expansion
Turkish steel producer İçdaş invests $977 million in capacity expansion

This project has already been approved by the Ministry of Environment and Urbanization of Turkiye

Photo – China became the largest net exporter of flat steel to Turkiye in 8 months of 2022
China became the largest net exporter of flat steel to Turkiye in 8 months of 2022

The best export/import ratio of flat rolled products was observed in Turkiye's trade with Ukraine

Photo – Türkiye cut steel production by 21% y/y in August 2022
Türkiye cut steel production by 21% y/y in August 2022

In January-August 2022, steel production by Turkish steelmakers decreased by 8.8% year-on-year

Photo – Türkiye reduced steel imports by 2.7% y/y in January-August 2022
Türkiye reduced steel imports by 2.7% y/y in January-August 2022

Product deliveries from Ukraine decreased by 75.5% y/y due to the blockade of Ukrainian ports

Photo – Türkiye increased imports of scrap metal by 17.5% m/m in August 2022
Türkiye increased imports of scrap metal by 17.5% m/m in August 2022

In January-August 2022, the import of scrap metal decreased by 10.3% year-on-year

Photo – Türkiye to refuse investments in new steel projects
Türkiye to refuse investments in new steel projects

Due to the increase in electricity tariffs, Turkish steelmakers are trying to maintain their existing production capacity

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