Türkiye, one of the world’s largest scrap steel importers, reduced its scrap imports by 20.2% year-on-year in January, reflecting shifts in domestic steel production and demand. The decline underscores changing market conditions and possible production adjustments by Turkish steelmakers.
Key Insights from the Scrap Import Decline:
- Lower Steel Production: Reduced scrap imports suggest a drop in steel output, likely influenced by demand fluctuations and cost factors.
- Market Impact: A decline in Türkiye’s imports could affect global scrap pricing, especially in major supplier countries such as the US and EU.
- Steel Industry Adjustments: Turkish producers may be optimizing raw material usage or facing economic pressures that limit scrap demand.
As Türkiye plays a critical role in the global scrap trade, further import reductions could impact pricing trends and availability for exporters. Analysts will be watching whether this decline continues in the coming months.
Vietnam Steel by Hoa Sen Group
