Türkiye

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Global scrap prices mostly stabilized in May

The offer is kept at a high level

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Turkey’s Tosyali plans global expansion

The company intends to invest $1.5-2 billion per year in these goals

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Turkey reduced steel production by 12.6% m/m in April

In one month, Turkish steelmakers produced 2.8 million tons of steel

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Turkey imported over 460 thousand tons of iron ore from Ukraine in Q1

The total import of iron ore by Turkish consumers in January-March amounted to 2.53 million tons

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Turkey should join the green transformation – Fuat Tosyali

Currently, the steel sector of the country is implementing investments and green transition with the involvement of its own resources

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Turkey increased steel production by 29% m/m in March

In one month, Turkish steelmakers produced 3.2 million tons of steel

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Ukraine regains leading position among iron ore exporters to Turkey

During January-February, Ukraine shipped 232,000 tons of heavy metals to Turkish consumers compared to 30,000 tons a year ago

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Turkey imported 9.68 thousand tons of steel billets from Ukraine in February

In January-February 2024, this volume amounted to 30.68 thousand tons

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Turkey imposes restrictions on steel exports to Israel

In total, the restrictive measures will apply to the export of 54 categories of products

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Turkey increased scrap imports by 32.5% y/y in February

During January-February, import of raw materials increased by 34.6% y/y

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Turkiye increased rebar exports by 45.6% y/y in February

The main export destinations were Romania, Israel and Yemen

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Türkiye cut steel production by 5% m/m in February

During the month, Turkish steelmakers produced 3.08 million tons of steel

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