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Türkiye - Latest news GMK Center

Photo – Turkey increased scrap imports by 23.5% y/y in April
Turkey increased scrap imports by 23.5% y/y in April

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

Photo – Turkey increased steel production by 7% y/y in April
Turkey increased steel production by 7% y/y in April

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

Photo – Turkey increased steel exports by 14.4% y/y in April
Turkey increased steel exports by 14.4% y/y in April

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

Photo – Companies of the Turkish OYAK Group put new equipment into operation
Companies of the Turkish OYAK Group put new equipment into operation

Erdemir and Isdemir have completed two major investment projects

Photo – Turkish steel exports to Italy up 25% y/y in January-April
Turkish steel exports to Italy up 25% y/y in January-April

Steel shipments reached $374 million, and the industry aims to reach $1 billion by the end of the year

Photo – Turkey increased steel production by 7% m/m in March
Turkey increased steel production by 7% m/m in March

Pig iron production for the month increased by 16.9% m/m

Photo – Turkey reduced iron & steel products imports from Ukraine by 64% y/y in Q1
Turkey reduced iron & steel products imports from Ukraine by 64% y/y in Q1

Iron ore and semi-finished products account for the key volumes of supplies

Photo – Turkey exhausts a number of EU steel import quotas for Q2
Turkey exhausts a number of EU steel import quotas for Q2

In particular, the country chose to buy rebar and wire rod

Photo – Turkey increased its imports of billets from Ukraine by 65% y/y in January-February
Turkey increased its imports of billets from Ukraine by 65% y/y in January-February

Total imports by Turkish steelmakers increased by 52.4% y/y, mainly from Malaysia

Photo – Turkey raises electricity and gas prices from April
Turkey raises electricity and gas prices from April

EPDK and BOTAS reported an average 10-25% increase in energy prices

Photo – Turkey’s İsdemir prepares to launch the country’s largest blast furnace
Turkey’s İsdemir prepares to launch the country’s largest blast furnace

The key feature of the project is the conversion of the increased volume of blast furnace gas into electricity

Photo – Turkey reduced scrap imports by 4.9% y/y in February
Turkey reduced scrap imports by 4.9% y/y in February

The key suppliers of raw materials are the Netherlands and Belgium

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