Turkey’s scrap consumption flat in Jan-Aug

Ferrous scrap consumption in Turkey climbed by 0.6pc to 17.89mn mt in the first eight months of this year from the same prior-year period, in line with crude steel output.

Crude steel production in Turkey totaled 22.7mn mt since the beginning of this year, up 0.6pc from January-August 2019, according to the Turkish Steel Producers Association.

Turkey increased its ferrous scrap imports by 13pc to 13.94mn mt during the period under review, while its purchases from the domestic market decreased by 27.6pc to 3.95mn mt, according to statistical source SteelData. Turkish mills imported 20.9pc of scrap from the US, 13.7pc from the Netherlands, and 10.5pc from Russia.

In August, crude steel output in the country rose by 22.9pc to 3.2mn mt from the same month last year amid better steel product sales. As a result, scrap import increased by 26.4pc to 1,89mn mt during the same period.

Eight out of the 10 key ferrous scrap suppliers raised their shipments to Turkey in January-August 2020, as illustrated in the table below:

Top 10 ferrous scrap suppliers to Turkey, thousand mt

Source: SteelData