Turkish steelmakers wrestle with increasing input costs, limited demand

Turkish steel producers have been struggling with increasing input costs in addition to firm scrap prices, while demand for finished products has been limited both in the domestic market and in major export outlets.

Electricity prices in Turkey have increased by around 127% and natural gas prices have increased by 50% for industrial use, with effect from January 1.

Turkish mill sources estimated the...

Published

Cem Turken

Paul Lim

Amy Hinton

January 25, 2022

15:53 GMT

Mugla, Singapore