The Turkish Iron and Steel Producers' Association (DCUD) has responded to recent comments in the industry indicating that
Turkey imports more
scrap than China, the world's largest steel producing country, but has no influence on pricing.
DCUD general secretary Veysel Yayan stated that
Turkey imports $12 billion worth of raw material, $9 billion of which is
scrap, going on to underline that this figure is no burden on
Turkey. Mr. Yayan said that the reason why Chinese
scrap imports are lower is that production is mostly carried out in integrated plants that use
iron ore as raw material. Additionally, Yayan said that, to increase domestic
scrap supply, the Turkish government should provide incentives for
scrap,
iron ore and coal investment, and that
scrap collection should become widespread.
According to the data provided by the Turkish Statistical Institute (TUIK) October data, In October this year,
Turkey's steel
scrap imports fell by 8.05 percent from September and were up three percent compared to the same month last year, amounting to 1.78 million metric tons. Meanwhile, in the first 10 months of the year
Turkey's
scrap imports amounted to 17.43 million mt.