According to data from the Turkish Steel Association (TCUD), Turkey’s consumption of rolled steel products increased by 17.1% in 2023 compared to 2022, reaching 38.1 million tons. Steel exports from Turkey fell by 30.6% year-on-year, reaching 10.5 million tons in 2023, and export revenues fell by 40.7%, reaching $8.3 billion. Turkey’s steel imports in 2023 […]
Türkiye’s steel consumption increased by 17.1% in 2023 Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute, in December last year Turkey’s foreign trade deficit decreased by 37.8% to $6.04 billion compared to December 2022. In 2023, Turkey’s foreign trade deficit fell by 3.2% year on year to $105.9 billion. In December, Turkey’s iron and steel exports ranked eighth
Turkey’s steel export value down 39.6% in 2023 Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in November this year Turkey’s foreign trade deficit decreased by 32.6% to $5.9 billion compared to November 2022. In the January-November period this year, Turkey’s foreign trade deficit rose by 0.1% year on year to $99.9 billion. In November, Turkey’s iron
Turkey’s steel export down 42.1% in January November 2023 Read More »
Turkish plant operator Kardemir has partnered up with SMS group to digitalize blast furnace 5 in its Karabük plant. This is an important step in the partnership between SMS group and Kardemir, Türkiye’s oldest blast furnace operator. The development and installation of BFXpert in BF5 allows Kardemir to fully control and monitor the entire metallurgical
SMS group successfully digitalizes Turkish Kardemir’s blast furnace No.5 Read More »
In October this year, Turkey’s rebar exports amounted to 283,092 metric tons, down by 30.3% compared to September and by 23.0% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $170.57 million, declining by 25.9% compared to the previous month and
Turkey’s rebar exports decrease by 43.3% in January-October Read More »
In October this year, Turkey’s scrap imports rose by 40.7% month on month and by 3.2% year on year to 1,491,804 mt, according to the data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports increased by 43.1% compared to the previous month and by 0.9% year on year to $568.20
Turkey’s scrap imports down 47.9% in January-October 2023 Read More »
In September this year, Turkey’s wire rod exports amounted to 54,415 mt, down by 26.9% compared to August and by 65.2% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $31.87 million, dropping by 28.6% compared to the previous month and
Turkey’s wire rod exports down 58.5% in January-September Read More »
In September 2023, Turkey’s consumption of steel products increased by 30.3% compared to September 2022, reaching 2.8 million tons, according to data from the Turkish Steel Producers Association (TDCU). Steel production in Turkey in September reached 2.89 million tons, an increase of 8.4% compared to September 2022. Steel product exports for the month decreased by
Türkiye’s consumption of steel products increased by 18.5% in January-September 2023 Read More »
The Turkish Ministry of Trade announced the final results of the final review of anti-dumping duties on heavy plates imported from China. The Department of Commerce found that eliminating antidumping duties on a certain product from China would likely lead to continued or recurring dumping. The applicable anti-dumping rates are 16.89% for Jiangyin Xingcheng Special
Turkey to maintain AD duty on heavy plate from China Read More »
In August this year, Turkey’s rebar exports reached 370,830 tonnes, an increase of 12.1% compared to July and a decrease of 35.8% year-on-year, according to preliminary data from the Turkish Statistical Institute (TUIK). Meanwhile, the total revenue generated from these exports amounted to $218.56 million, an increase of 6% compared to July and a decrease
Türkiye’s rebar exports decreased by 48% during January-August 2023 Read More »
From January to July, Turkiye’s billet imports reached 2.24 million tonnes, an increase of 64.5%, year on year. In that period, Turkiye imported 1,053,243 tonnes of billets from Russia, an increase of 19.8% year-on-year. Algeria topped the Arab countries supplying billets to Turkiye with a volume of 414,800 tonnes, followed by Oman with a volume
Turkey’s billet imports up 64.5 per cent in January-July 2023 Read More »
A consortium of Emirati companies including CIM Steel Industry LLC, Rhino Steel, Metal Care Center Factory LLC, and Aziz Steel will set up four steel manufacturing and processing units at the Umm Al Quwain Industrial City in the UAE. According to the official statement, the consortium in question will turn 130,000 square meters of land
Emirati consortium to build metal zone in UAE Read More »
In June this year, Turkey’s total welded tube exports increased by 38.0% month-on-month to reach 201,678 tonnes and decreased by 11.0% year-on-year, according to data provided by the Turkish Statistical Institute (TUIK). The value of these exports amounted to $205.06 million, an increase of 33.4% on a monthly basis, and a decrease of 25.9% compared
Morocco leads the Arab countries importing steel tubes from Türkiye in H1 2023 Read More »
In June this year, Turkey’s billet and bloom import volume declined by 14.2% month on month and by 19.2% year on year to 266,007 mt, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $167.73 million, down by 15.3% month on month and by 30.7% year on
Turkey’s billet imports up 65.2% in H1 2023 Read More »
In June this year, Turkey’s exports of rebar reached 304,493 tonnes, an increase of 48.3% compared to May, and a decrease of 34.5% year-on-year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the total revenue generated from these exports was $197.44 million, up 43.2% compared to May and down 49.8% year-on-year.
Turkey’s exports of rebar decreased by 54.4% in H1 2023 Read More »
In May this year, Türkiye’s hot rolled steel coils total exports increased by 25.8% compared to April but decreased by 39.8% year-on-year to reach 83,336 tonnes, according to the Turkish Statistical Institute (TUIK). The value of these exports amounted to $63.54 million, which increased 28.7% monthly but down by 56.7% compared to 2022. From January
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), the Turkish foreign trade deficit in May of this year increased by 17.6% to $12.53 billion compared to May 2022. From January to May this year, Turkey’s foreign trade deficit increased by 29.3% yearly, to reach $56.22 billion. In May, Türkiye’s
Türkiye’s steel exports decreased by 50.8% during the period from January to May 2023 Read More »
According to data provided by the Turkish Statistical Institute (TUIK).In April this year, Türkiye’s cold rolled steel coils (CRC) imports increased by 37.9% compared to April 2022. However, it decreased by 10.9% compared to last March, reaching 66,359 tonnes. The value of these imports amounted to $51.52 million, a decrease of 9.8% compared to March
Türkiye’s cold rolled steel coils imports increased by 26.8% from January to April 2023 Read More »
In April this year, Türkiye’s wire rod exports amounted to 26,849 tonnes, down by 17.8% compared to March and up 72.8% year on year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the total revenue generated from these exports was $19.7 million, down 18.2% compared to March and up 77.3% year-on-year.
Türkiye’s wire rod exports decreased by 60.2% during the January-April period Read More »
In April 2023, Turkish scrap imports decreased by 19.5% compared to April 2022, reaching 1.74 million tonnes, according to data from the Turkish Statistical Institute (TUIK). In April 2023, the average scrap price was $441 per tonne, compared to $548 per tonne in April 2022 and $426 per tonne in March 2023. The Netherlands was
Türkiye’s scrap imports declined by 19.5% in April Read More »
The increased import duties on flat steel products in Turkey came into effect on May 1. Additional import duties on non-alloy hot-rolled steel coils were increased from 9% to 15%, while hot-rolled steel coils were raised from 6% to 13%. Import duties on sheets have been raised by 9%, 10% and 15% to reach 15-20%,
Turkey’s increased tariffs on flat steel imports come into effect on May 1 Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute, in March this year, the value of Türkiye iron and steel imports increased by 1.1% yearly, reaching $2.61 billion. In the given month, iron and steel ranked as the third most valuable product imported from the country. From January to March this
Türkiye’s steel imports declined by 24.8% during January-March 2023 Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute, in March this year, Türkiye’s foreign trade deficit increased by 0.9% to $8.34 billion compared to March 2022. From January to March of this year, Türkiye’s foreign trade deficit increased 30.7% year-on-year to $34.69 billion. In March, Türkiye iron and steel exports
Türkiye’s steel exports declined by 49.3% during January-March 2023 Read More »
In February this year, Türkiye’s cold-rolled steel flat imports(CRC) amounted to 57,296 tonnes, an increase of 4.5 per cent compared to February last year and a decrease of 17.2 per cent compared to January 2023, according to preliminary data provided by the Turkish Statistical Institute (TUIK). In terms of value, the total revenues from these
Türkiye’s cold-rolled flat steel imports increased by 24.3% in February Read More »
According to the Turkish Official Gazette, on April 8, Turkey initiated the fourth revision of anti-dumping (AD) duties on steel pipes and fittings from Brazil, Bulgaria, China, India, Indonesia and Thailand and the respective products were classified under HS code 7307.19. In April 2018, the Turkish authorities made a final decision to extend AD anti-dumping
In January of this year, Turkey’s total imports of iron ore amounted to 798,953 tonnes, an increase of 139.6% compared to December and 11.2% compared to the same month in 2022, according to statistics from the Turkish Statistical Institute (TUIK). The value of these imports decreased by 11.8% to $90.6 million annually, while it increased
Turkey’s imports of iron ore increased by 11.2% in January 2023 Read More »
In February 2023, Turkey’s steel production decreased by 19.2% compared to January 2023, reaching 2.104 million tonnes, and it decreased by 28.9% compared to February 2022. From January to February 2023, production reached 4.709 million tonnes, a decrease of 23.1% compared to the same period in 2022. From March 1, 2023, the Turkish Oil Pipeline
Türkiye’s steel production declined by 28.9% in February 2023 Read More »
In January this year, Turkey’s hot rolled steel coils (HRC) exports decreased by 66.5% year-on-year to reach 45,129 tonnes, down by 32.1% compared to December 2022, according to data from the Turkish Statistical Institute (TUIK). The revenue value from these exports amounted to $30.76 million, a decrease of 74.7% compared to the same month in
Turkey’s hot rolled steel coils exports decreased by 66.5% in January Read More »
According to the Turkish Statistical Institute data (TUIK), Turkish wire rod exports decreased by 21.6% this January compared to the same month last year to reach 45,989 tonnes, an increase of 45.7% compared to the previous month. These export revenues amounted to 32.15 million dollars, an increase of 47.9% compared to December 2022, and a
Turkey’s wire rod exports decreased by 21.6% in January 2023 Read More »
Global scrap prices continued to rise in most regions of the world amid high activity in the Turkish market – one of the largest importers of scrap metal supported by the demand recovery for steel and increased production. HMS 1/2 scrap prices in the Turkish market increased, during March 6-13, 2023, by $8/t, or by
Report: An increase in global iron scrap prices with an upward trend in demand in Turkey Read More »