Turkey’s scrap imports have continued to decline since steel producers have preferred to use billet instead of scrap as a result of the slowdown in the country’s crude steel output, and the limited declines in scrap prices compared to iron ore prices, according to Turkish Iron and Steel Producers' Association (TCUD).
In the January-June period of the current year, Turkey's scrap import volume decreased by 12.9 percent to 8.47 million metric tons, while these imports were valued at $2.46 billion, down 33.3 percent, both on year-on-year basis.
In the given period, Turkey's scrap imports from EU countries decreased by 17.4 percent to 4.46 million mt, its scrap imports from the US decreased by 8.6 percent to 1.76 million mt while scrap imports from CIS countries reached 1.91million mt, up 6.6 percent, all on year-on-year basis.