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Türkiye - Latest news GMK Center

Photo – Turkish steelmakers demand tariffs on rolled steel from China and South Korea
Turkish steelmakers demand tariffs on rolled steel from China and South Korea

The market has seen a sharp increase in imports of cold-rolled, galvanized, and painted rolled steel

Photo – Hasçelik has invested €150 million in a new green steel plant in Turkey
Hasçelik has invested €150 million in a new green steel plant in Turkey

The new facility in Bilecik will produce high-quality steel with minimal CO2 emissions and create over 200 jobs

Photo – Turkey reduced scrap imports by 9.4% y/y in January-August
Turkey reduced scrap imports by 9.4% y/y in January-August

The key suppliers of raw materials are the US, the Netherlands, and the UK

Photo – Turkey increased its exports of steel products by 12.8% y/y in January-August
Turkey increased its exports of steel products by 12.8% y/y in January-August

Steel imports grew by 17.9% year-on-year over the eight months

Photo – Turkey increased steel production by 6.7% month-on-month in August
Turkey increased steel production by 6.7% month-on-month in August

Pig iron production rose by 14.1% month-on-month

Photo – Turkish steel exports to Ukraine grew by 36.1% y/y in January-August
Turkish steel exports to Ukraine grew by 36.1% y/y in January-August

Ukraine entered the top five key export destinations

Photo – Turkish steelmakers call for urgent action to protect against dumped imports
Turkish steelmakers call for urgent action to protect against dumped imports

Industry representatives point to underutilization of local capacity, among other issues

Photo – Turkey could cut emissions by a third by 2035 with $265 billion in investments
Turkey could cut emissions by a third by 2035 with $265 billion in investments

Technological changes will drive transformation in the ferrous metallurgy and aluminum industries

Photo – Turkey reduced scrap imports by 6.1% y/y in January-July
Turkey reduced scrap imports by 6.1% y/y in January-July

The key suppliers of raw materials are the US, the Netherlands, and the UK

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