Turkiye's ferrous scrap imports jump 16% MoM in March

Turkiye's imports of ferrous scrap in March increased 15.6% from February to reach 1.6 million tonnes, though the volume was 2.4% lower from the same month last year, according to the latest data released by the Trkish Statistical Institute (TUIK).

Over January-March, the country's scrap imports edged up 0.9% on year to 4.7 million tonnes, supported by large on-year growth in January, the TUIK data showed. Türkish electric-arc-furnace (EAF) steelmakers ramped up steel scrap imports to secure sufficient raw materials for finished steel production in March. The conflict in the