Ferrous scrap consumption in Turkey declined by 3.3pc to 15.23mn mt in the first seven months of this year compared with the same period of 2019 due to lower crude steel output.
Turkey has produced 19.43mn mt of crude steel since the beginning of this year, 2.4pc down from January-July 2019, according to the Turkish Steel Producers Association. It should be noted that output recovery began in June after shutdowns related to the COVID-19 pandemic were lifted and continued in July reaching 3.1mn mt, an increase of 7.5pc from the same month last year.
Turkey increased its ferrous scrap imports by 11.2pc to 12.05mn mt in January-July 2020, while its purchases from the domestic market decreased by 35.2pc to 3.18mn mt, according to statistical source SteelData. Turkish mills imported 61.3pc of scrap from the EU-28 region, 22.2pc from North America, and 11pc from the CIS.
Eight out of the 10 key ferrous scrap suppliers raised their shipments to Turkey during the period under review, as illustrated in the table below:
Top 10 ferrous scrap suppliers to Turkey
|Jan-Jul 2019||Jan-Jul 2020||change|