In January-May 2024, steel enterprises in Turkey increased scrap imports by 2.8% compared to the same period in 2023, to 8.66 million tons.
In May, Turkey imported 1.81 million tons of scrap, up 4.5% compared to May 2023 and 19.1% month-on-month.
The main suppliers of raw materials to Turkey in May were the United States – 394.9 thousand tons (-18.7% y/y), the United Kingdom – 252.2 thousand tons (+222% y/y), and the Netherlands – 226.14 thousand tons (+85.4% y/y).
Rebar exports from Turkey increased by 25.4% year-on-year to 1.34 million tons in the first 5 months of 2024.
However, in 2023, Turkey reduced its scrap imports by 10% compared to 2022, to 18.83 million tons due to low utilization of local steel mills.
