Industry News

75% of Turkey's annual stainless steel demand depends on imports

Views : 101
Update time : 2022-01-07 18:16:30
Turkey's annual demand for stainless steel reaches more than 700,000 tons, of which 75% depends on imports. Therefore, China mills have taken advantage of its complete supply chain and affordable prices, and the export volume to the Turkish market has increased significantly.

In addition, Turkey's energy is mostly dependent on import sources. The production costs of local stainless steel mills have increased, making it difficult to compete with imported prices.

According to statistics, China's stainless steel exports to Turkey in 2021 November were about 52,000 tons, an increase of 64% from the previous month and a surge of 189% from the same period last year. From January to November in 2021, the export volume reached 357,000 tons, a year-on-year increase of 98.8%.
Related News
Read More >>
South Africa launches critical minerals strategy, opens new mining law for public comment South Africa launches critical minerals strategy, opens new mining law for public comment
May .22.2025
South Africa launches critical minerals strategy, opens new mining law for public comment
China's iron ore production declines in Jan-Apr China's iron ore production declines in Jan-Apr
May .22.2025
China's iron ore production declines in Jan-Apr
US’ steel coil exports go up in Mar US’ steel coil exports go up in Mar
May .22.2025
US’ steel coil exports go up in Mar
US increases CRC imports in Mar US increases CRC imports in Mar
May .22.2025
US increases CRC imports in Mar