Türkiye - Latest news GMK Center

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

Steel imports during this period grew by 6% year-on-year

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

From July 1, 2025, the fee will increase by 15%

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

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

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

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

The key suppliers of raw materials are the Netherlands and the United States

Pig iron production fell by 11% y/y over the month

Imports in the period decreased by 9.1% year-on-year

Erdemir and Isdemir have completed two major investment projects