Turkiye: Ferrous scrap imports largely stable y-o-y in H1CY22

Turkiye, world's largest ferrous scrap importer, registered a marginal fall of 1% in import volumes in H1CY22 (January-June 2022) to 12.27 million tonnes (mnt) from 12.44 mnt in H1CY21, as per customs data maintained with SteelMint.

Ferrous scrap imports saw a downfall in the first few months of H1 due to currency depreciation, and suspension of operations at mills. Later, the market gained momentum as buyers were actively restocking inventories due to increasing steel demand. Ferrous scrap imports saw a decline during May-June as demand unexpectedly