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Türkiye - Latest news GMK Center

Photo – Turkish recipe for green steel
Turkish recipe for green steel

Turkey’s steel production is currently among the most environmentally sustainable globally

Photo – Turkey quadruples imports of pig iron from Ukraine in January-May
Turkey quadruples imports of pig iron from Ukraine in January-May

The entire volume of products was delivered in May, while there were no imports in January-April

Photo – Turkey reduced imports of raw materials from Ukraine by 65% y/y in January-May
Turkey reduced imports of raw materials from Ukraine by 65% y/y in January-May

During this period, 240.36 thousand tons of Ukrainian iron ore were delivered to the Turkish market

Photo – Turkey approves plans to launch its carbon market
Turkey approves plans to launch its carbon market

The country's parliament recently passed a climate law

Photo – Turkey raises gas prices for industry by 7.9%
Turkey raises gas prices for industry by 7.9%

The new tariffs came into effect on July 2. The increase is linked to the government's budgetary goals

Photo – Turkey produced 3.15 million tons of steel in May
Turkey produced 3.15 million tons of steel in May

Pig iron production fell by 16.3% year-on-year in May

Photo – Turkey significantly reduced imports of iron ore from Ukraine in January-April
Turkey significantly reduced imports of iron ore from Ukraine in January-April

During the period, 159.99 thousand tons of Ukrainian iron ore were supplied to the Turkish market (-74.1% y/y).

Photo – Turkey updates the system of state support for investments in the steel sector
Turkey updates the system of state support for investments in the steel sector

The new system includes 5 types of incentives for metallurgical investments across the country

Photo – Erdemir announces large-scale investments in green transformation by 2050
Erdemir announces large-scale investments in green transformation by 2050

Turkish steelmaker introduces solar, hydrogen and CCS to meet climate goals

Photo – Ukraine again faces the need to protect the domestic steel market
Ukraine again faces the need to protect the domestic steel market

By the end of 2025 the share of Turkish steel may exceed 60% of imports in Ukraine

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