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Tel : 0086-0371-86172891
Türkiye Steel Producers Association (TCUD) said that Türkiye will strive to achieve a record steel output in 2024 with the commissioning of new capacity and the improvement of expected capacity utilization. If we want to reach the historic high of 75% capacity utilization in 2021, the new capacity should be supported by domestic consumption.
Last year Türkiye launched a series of necessary measures against dumping and subsidy of steel imports. On October 31, the Ministry of Trade of Türkiye launched an anti-dumping investigation against hot rolled coils imported from China, India, Japan and Russia; On December 31st, a preliminary ruling was made on the safeguard measures for imported hot-rolled wire rods, and a temporary safeguard measure of $175 per ton was imposed on the products involved, with a validity period of 200 days. It is expected that Türkiye's SGH440 steel production and export will increase significantly this year.
According to TCUD data, from January to November 2023, the steel export/import coverage of Türkiye's SGH440 steel industry dropped from 92:100 in the same period last year to 55:100. During this period, import volume increased by 18% to 16 million tons. The import cost decreased by 5% to 13.7 billion US dollars. During the same period, steel exports decreased by 34% year-on-year to 9.4 million tons, and revenue decreased by 43% to 7.5 billion US dollars.
In addition, Türkiye's crude steel output in November increased by 25% year on year, but the total output from January to November decreased by 6.1% year on year to 30.5 million tons.
The sluggish demand and high cost have put pressure on the steel pricing of Türkiye's
