Turkish steel enterprises significantly boosted their scrap imports in February 2024, recording a 32.5% increase compared to the same month in 2023, reaching 1.63 million tons. However, there was a 12.3% decrease in raw material imports from January. The Turkish Statistical Institute (TUIK) data, as reported by Kallanish, revealed that over 99% of the February imports consisted of outdated grade scrap, with an average price of $445 per ton, showing an increase from the previous year. The Netherlands emerged as the primary supplier of raw materials to Turkey, providing 308.2 thousand tons, marking a 59.8% year-on-year increase. Meanwhile, the US reduced its supplies by 35.5% to 180.92 thousand tons, while the UK saw a substantial 268.5% increase in supplies to 172.92 thousand tons.In the period of January-February 2024, Turkey experienced a notable 34.6% surge in scrap imports compared to the same timeframe in 2023, totaling 3.49 million tons. The Netherlands stood out as the largest supplier with 577.34 thousand tons, followed by the United States and Belgium. Additionally, rebar exports from Turkey increased by 9.9% year-on-year over the two months, reaching 559.96 thousand tons.Despite the recent growth in scrap imports, Turkey had reduced its scrap imports by 10% in 2023 compared to 2022, amounting to 18.83 million tons. This decline was attributed to the underutilization of local steel mills. Turkey, ranking eighth globally in steel production, witnessed a 14% decrease in steel production in 2023, producing 33.7 million tons compared to the previous year.