Most prominent steel producers in southern Turkey, which halted production after significant earthquakes that hit the region a month ago, have gradually resumed their activities. “All but one of the ten steel mills in the towns of Iskenderun and Osmaniye, which make up a third of Turkey’s steel production capacity, have resumed operations”, said Veysel […]
Steel mills in Turkey resume work after the earthquakes Read More »
According to the provisional foreign trade statistics, Turkey’s foreign trade deficit in January this year increased by 38.4% to $14.24 billion compared to January 2022. In January, Turkey’s iron and steel exports ranked tenth among the country’s products with the highest export value, totalling $661.40 million, a decrease of 45.0% year-on-year. Turkey’s imports of iron
Turkey’s steel exports and imports decreased in January 2023 Read More »
Turkey’s flat steel exports fell below 2 million tonnes for the first time since 2016 despite a significant expansion of cooperation with North African and Middle Eastern countries. Turkey’s flat steel (sheets and coils) exports amounted to about 1.77 million tonnes, down 31.4% year-on-year, according to the Turkish Statistical Institute (TUIK). Meanwhile, Turkey boosted its
In December of last year, Turkey’s import volume of billet slabs decreased by 2.0% compared to November 2022 to reach 266,540 tonnes, up 23.2% year on year, according to data from the Turkish Statistical Institute (TUIK). The total value of these imports amounted to $154.4 million, down by 1.8% monthly and up by 3.0% annually.
Turkey imports 2.52 million tonnes of pellets in 2022, and Oman leads the Arab countries Read More »
According to the provisional foreign trade statistics and the Turkish Statistical Institute (TUIK), Turkey’s foreign trade deficit in December last year increased by 42.0% to $9.70 billion compared to December 2021. In December, Turkey’s iron and steel exports ranked ninth among the country’s products with the highest export value, with total exports reaching $800.09 million,
Turkey’s steel exports decreased by 14.3% in 2022 Read More »
In 2022, steel exports decreased by 17.7% year-on-year to 19.6 million tonnes, and production decreased by 12.9% year-on-year to 35.1 million tonnes. In the first six months of 2022, Turkey’s steel exports showed an upward trend. However, at the end of last year, it fell due to the impact of the war in Ukraine, inflation,
Turkey’s steel exports decrease by 17.7% in 2022 Read More »
In November last year, Turkey’s imports of hot-rolled (HRC) steel flats decreased by 61.6% year-on-year to 161,977 tonnes, down 30.0% compared to October. Revenues from these imports amounted to $111.19 million, declining by 25.2% monthly and 71.6% compared to the same month in 2021. From January to November, Turkey’s imports of hot-rolled steel (HRC) flats
Turkey’s HRC flats imports decreased by 20.8% in the period January-November 2022 Read More »
In 2022, the share of steel exports in Turkey’s total exports is 13.9% with a value of $35.4 billion. In particular, the share of ferrous and non-ferrous metals in total exports was 6.3%, and the steel sector was 9.3%. Overall, the country’s exports in monetary terms rose by 12.9% year-on-year – to $254.2 billion last
The value of steel exports is 14% of Turkey’s total exports in 2022 Read More »
Turkey’s steel billet exports fell to a critical minimum in November 2023 as Turkey exported only 6,063 tonnes, according to the Turkish Statistical Institute (TUIK). The volume of exports decreased significantly on an annual basis and on a monthly basis, as pellet exports reached 47,297 tonnes in November 2021 and 46,944 tonnes in October 2022.
Morocco imports more than 50% of Turkey’s exports of billet Read More »
Turkey’s Energy Market Regulatory Authority (EPDK) announced a 16% reduction in electricity prices for industrial consumers. The authority also reduced the maximum price of electricity in the free market from 4.8 thousand pounds/megawatt hour to 4.2 thousand pounds/megawatt hour. According to the Chairman of the Board of Directors of the Authority (EPDK), Mustafa Yilmaz, it
Turkey announces a 16% reduction in electricity prices for industrial companies Read More »
In October this year, Turkey’s HR flats exports decreased by 49.4% year-on-year to 141,059 tonnes, according to data from the Turkish Statistical Institute (TUIK). From January to October this year, Turkey’s HR flats exports reached 1.588 million tonnes, a decrease of 23.9% compared to last year. Despite the decline in Turkey’s HR flats exports to
In October this year, Turkey’s billet and bloom import volume declined by 22.5 % month on month to 239,431 mt, down by 227.4 % year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $136.64 million, up by 17.2 % month on month and by
Turkey’s billet imports down 18% in January-October 2022 Read More »
Trade authorities in Mexico have extended until June 2026 the antidumping duty of 29.3% on the import of hot rolled coil (HRC ) manufactured in Russia or Russian products imported from any other country. The duty covers products under HTS codes 7208.10.02, 7208.25.99, 7208.37.01 and 7225.30.03 of the General Import and Export Tax Law (TIGIE),
Mexico extends AD duties on Russian HRC until 2026 Read More »
In September of this year, Turkey’s rebar exports reached 507.660 tonnes, down 12.3 per cent compared to August and down 29.4 per cent year on year, according to preliminary data from the Turkish Statistical Institute (TUIK). Meanwhile, the total revenue generated by these exports amounted to $340.24 million, down by 10.8% compared to August and
Turkey’s rebar exports decreased by 17.8% from January to September 2022 Read More »
In July this year, Turkey’s total longitudinally welded tube and profile exports decreased by 42.8 % to 122,405 metric tons compared to June and were up 35.1 % year on year, according to the data provided by the Turkish Statistical Institute (TUIK). These exports had a value of $151.17 million, down 40.1 % month on
In July this year, Turkey (turkey)’s billet (billet) and bloom import volume decreased by 46.8 % month on month to 175,603 mt, down by 25.3 % year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $117.85 million, down 51.3 % month on month and
Turkey’s billet imports down 31.9% in January-July 2022 Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 149.3 million tonnes (Mt) in July 2022, a 6.5% decrease compared to July 2021. Africa produced 1.2 Mt in July 2022, down 5.4% on July 2021. Asia and Oceania produced 110.1 Mt, down 5.2%. The EU (27) produced 11.7
World crude steel production declined by 6.5% in July 2022 Read More »
Local steelmakers exported 79,946 t of billet in June, reducing shipments by 12.3% year-on-year, according to the Turkish Statistical Institute (TUIK).
Morocco is the top importer of Turkish billet in H1 2022 Read More »
In June this year, Turkey’s rebar exports amounted to 472,079 metric tons, up 19.8 % compared to May and decreasing by 29.1 % year on year,according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $398.96 million, increasing by 14.7 % compared to May and
Turkey’s rebar exports down 14.9% in H1 2022 Read More »
In the first half of this year, Turkey’s billet import volume amounted to 1.19 million mt, decreasing by 32.8 %, while the value of these imports decreased by 14.8 % to $888.66 million, both year on year. In the given period, Turkey imported 732,147 mt of billet and bloom from Russia, down 29.01 % year
Turkey’s billet imports down 32.8% in H1 2022 Read More »
Turkey announced the introduction of anti-dumping duties on the import of flat products, saying that the supplies of European and South Korean companies are detrimental to domestic producers. Import fees will vary from 7% to 12.8% of the purchase price, according to a decree from the Ministry of Commerce, published in the official gazette of
Turkey imposes anti-dumping duties on steel from Europe and South Korea Read More »
In May this year, Turkey’s rebar exports amounted to 399,478 metric tons, down 22.4 % compared to April and decreasing by 40.8 % year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $352.38 million, decreasing by 13.9 % compared to April
Turkey’s rebar exports down 11.4 % in January-May Read More »
In April this year, Turkey’s iron ore imports totaled 1.24 million mt, increasing by 31.3 % compared to March and up 24.6 % as compared to the same month of 2021, according to the statistics provided by the Turkish Statistical Institute (TUIK). The value of these imports decreased by 4.5 % to $176.51 million year
Turkey’s iron ore imports increase 7.3% in January-April 2022 Read More »
In April this year, Turkey’s billet and bloom import volume increased by 129.6% month on month to 201,359 mt, down by 45.0% year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $160.22 million, up 133.0 % month on month and down 27.4% year on
Turkey’s billet imports down 53% in January-April Read More »
In May this year, Turkey’s steel exports decreased by 19.7% year on year to 1.63 million tonnes, while the value of exports increased by 11% year on year to reach $1.9 billion. According to CIB data, Turkey’s total steel exports amounted to 8.78 million tonnes in the first five months of 2022, down by 2.6%
Turkey’s steel exports fell in January-May, while they rose to Egypt and Morocco Read More »
According to the provisional foreign trade statistics, Turkey’s iron and steel exports rose, ranking third in April, with a value of $1.50 billion , an increase of 18.2% year on year, and imports increased by 13.9% compared to imports in April 2021 to reach $2.89 billion. In January-April period, the value of Turkey’s iron and
Turkey’s steel imports and exports rise in January-April 2022 Read More »
According to statistics from the Turkish Statistical Institute (TUIK), in April of this year, the domestic Producer Price Index (PPI) of the Turkish industry in general increased by 7.67% month-on-month and by 121.82% year-on-year, while the average increase was 72.03% for the last 12 months. In April, the domestic Producer Price Index of the base
Average metal prices in Turkey increased by 118.2% in 12 months Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in March this year Turkey’s foreign trade deficit increased by 75.1% to $8.17 billion compared to March 2021. In the January-March period this year, Turkey’s foreign trade deficit rose by 138.5% year on year to $26.40 billion. In March, Turkey’s iron
Turkey’s steel export value up 49.9% in Jan-Mar 2022 Read More »
According to the figures released by the Turkish Statistical Institute (TUIK), in March this year, Turkish producers’ foreign sales price index (PPI)* in general increased by 7.29 per cent compared to February and was up by 105.82 per cent year on year, while an average rise of 59.47 per cent was registered for the last
Turkish metal producers’ foreign sales prices up 9.71% in March from February Read More »
Ukraine’s ArcelorMittal Kryvyi Rih has announced that the mill is looking for new plans for steel export and coal import from Kazakhstan and Poland. Kazakhstan can meet 30% of ArcelorMittal Kryvyi Rih coke demand as the company plans to import from Kazakhstan instead of Russia. The company is also communicating with Poland to build infrastructures
Ukraine’s ArcelorMittal Kryvyi Rih seeks new export route Read More »