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British Steel is close to signing an agreement with the government on green transformation

The company began negotiations with British authorities more than a year ago and steelmakers Tata Steel and British Steel are continuing negotiations with the UK government to finance their green transition, S&P Global reports. According to British media reports, the government is close to signing a deal with British Steel. Secretary of State for Business …

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Turkey’s wire rod exports increase by 172.3% in Q1 2024

In March this year, Turkey’s wire rod exports amounted to 136,650 metric tons, down by 5.5% compared to February and up by 319.1% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $84.48 million, decreasing by 6.9% compared to the previous …

Turkey’s wire rod exports increase by 172.3% in Q1 2024 Read More »

Turkey’s steel export value up 19.1% in January – March 2024

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in March this year Turkey’s foreign trade deficit decreased by 12.4% to $7.34 billion compared to March 2023. In the January-March period this year, Turkey’s foreign trade deficit went down by 41.5% year on year to $20.34 billion. In March, Turkey’s …

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Turkey’s steel export value increases by 6.6% in January 2024

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute, in January this year Turkey’s foreign trade deficit decreased by 56.4% to $6.23 billion compared to January 2023. In January, Turkey’s iron and steel exports ranked ninth among the country’s products with the highest export value, totaling $625.6 million, increasing by 6.6% …

Turkey’s steel export value increases by 6.6% in January 2024 Read More »

Türkiye’s steel exports to GCC decline in December 2023

In December 2023, Turkey’s steel exports to the Gulf region saw a 6% decline compared to the previous month, according to the Turkish Statistical Institute (TUIK). Total steel exports for December amounted to 11,710 tons, compared to exports of 12,467 tons in November. The value of exports decreased by 4%, reaching US$9.1 million. Turkey’s steel …

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Türkiye’s steel consumption increased by 17.1% in 2023

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 »

Turkey’s steel export down 42.1% in January November 2023

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 …

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SMS group successfully digitalizes Turkish Kardemir’s blast furnace No.5

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 …

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Turkey’s rebar exports decrease by 43.3% in January-October

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 »

Turkey’s wire rod exports down 58.5% in January-September

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 »

Türkiye’s consumption of steel products increased by 18.5% in January-September 2023

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 »

Turkey to maintain AD duty on heavy plate from China

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 …

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Türkiye’s rebar exports decreased by 48% during January-August 2023

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 »

Turkey’s billet imports up 64.5 per cent in January-July 2023

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 …

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Morocco leads the Arab countries importing steel tubes from Türkiye in H1 2023

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 …

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Turkey’s exports of rebar decreased by 54.4% in H1 2023

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. …

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Türkiye’s hot steel flats exports decreased by 32.8% from January to May 2023, including 3 Arab countries

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 …

Türkiye’s hot steel flats exports decreased by 32.8% from January to May 2023, including 3 Arab countries Read More »

Türkiye’s steel exports decreased by 50.8% during the period from January to May 2023

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 »

Türkiye’s cold rolled steel coils imports increased by 26.8% from January to April 2023

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 »

Türkiye’s wire rod exports decreased by 60.2% during the January-April period

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 »

Turkey’s increased tariffs on flat steel imports come into effect on May 1

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 »