In January-June 2024, steel enterprises of Turkey increased the import of scrap by 3.6% compared to the same period in 2023 – up to 9.95 million tons. This is evidenced by the data of the Turkish Statistical Institute (TUIK).

In June, Turkey imported 1.32 million tons of scrap, which is 8.3% more compared to June 2023, and 26.3% less m/m.

The value of imports amounted to $546.76 million, which is 5.6% more y/y and 26.7% less m/m.

In June, the main suppliers of raw materials to Turkey are the US – 352.89 thousand tons (+43.5% y/y), the Netherlands – 87.61 thousand tons (-18.5% y/y), UK – 125.15 thousand tons (+435.7% y/y).

In January-June, the US shipped 2.12 million tons of scrap to Turkish consumers (+6.6% y/y), the Netherlands – 1.31 million tons (+20.5% y/y), UK – 1.11 million tons (+50.8% y/y).

In 2023, Turkey reduced the import of scrap by 10% compared to 2022 – to 18.83 million tons.

Turkey ranks 8th in the world in terms of steel production in 2023, with 33.7 million tons.

There are 29 steel enterprises located in Turkey, in particular, 3 – blast furnace type, and 26 – electric arc type. Their annual capacity for steel smelting is estimated at about 60 million tons. In 2023, the energy utilization at the level of 58.5%.