Türkiye

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Turkiye increased rebar exports by 12.1% m/m in August

Shipments fell by 35.8% year-on-year

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The importance of the African market is growing for Turkish steelmakers

The country's steel producers are concentrating on alternative directions to compensate for the losses

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Turkiye’s Kardemir aims to become a global producer

The company's goal is to increase the production of steel with high added value to 3.5 million tons

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Turkiye reduced scrap imports by 6.4% y/y in August

In January-August, import deliveries of scrap to Turkish steelmakers decreased by 15.8%

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Türkiye has increased gas prices for industry by 20% since October

The last time gas prices in Turkiye increased in September 2022

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Türkiye increases electricity tariffs by 20% from October

Gas prices for industry are also expected to rise by 15-20%

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Turkiye reduced steel production by 3.5% m/m in August

During the month, Turkish steelmakers produced 2.79 million tons of steel

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Turkiye imported 333.4 thousand tons of iron ore from Ukraine in January-July

In July, Turkish steelmakers consumed 3.2 thousand tons of Ukrainian-made iron ore

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Recovery of the steel market in 2024 is unlikely – CIB

The Turkish professional association expects the country's exports to reach $14-45 billion in 2023

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Türkiye imported 28.3 thousand tons of steel billets from Ukraine in July

In July 2022, Turkish steelmakers did not import relevant products from Ukraine

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Turkish Yukselen Celik enters the European market

The special steel producer expects to expand its export activities in Europe

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Turkish steelmakers need support in the fight against rising imports

TCUD believes that the steel sector industry needs competitive energy prices

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