DCUD: Scrap imports not a burden for Turkey

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.