Türkiye’s steel industry, around 75% based on electric arc furnaces and with 70% of scrap requirement coming from imports, is increasingly seeking ways to substitute scrap use. This comes amid tightening global restrictions on scrap exports, the impact of CBAM, rising scrap usage worldwide, and persistently high scrap prices squeezing mills’ margins.
More Steel News
China pledges to control steel output during 2026-2030 period
United States   December 26,2025 08:00 AM
China on Friday said it will continue to regulate crude steel output and prohibit the addition of illegal new capacity from…
Global steel production fell by 4.6% y/y in November
United States   December 23,2025 08:00 AM
Global steel production in November 2025 decreased by 4.6% compared to the same month in 2024, to 140.1 million tons. Compared…
Nucor raised prices for hot-rolled coil for the eighth consecutive week
United States   December 16,2025 06:00 AM
American steel company Nucor has notified customers of another increase in the weekly spot price (CSP) for hot-rolled coil…
Global scrap prices remain high
United States   December 15,2025 07:00 AM
At the end of the year, the global scrap metal market is shaped by seasonal supply reductions, mixed trends in the steel…
China's HRC price to stay rangebound in December
United States   December 11,2025 06:00 AM
Hot-rolled coil (HRC) prices in China are projected to fluctuate within a certain range this month, with upside potential…
Baosteel raises prices for hot-rolled coil for January sales
United States   December 10,2025 08:00 AM
Baoshan Iron & Steel (Baosteel), a subsidiary of China Baowu Steel Group, is raising its list prices for hot-rolled carbon…
U.S. October Steel Shipments Down 4.2 Percent From Prior Month
United States   December 09,2025 06:00 AM
The American Iron and Steel Institute (AISI) reported today that for the month of October 2025, U.S. steel mills shipped…
Vale forecasts iron ore price at $100/ton in 2026
United States   December 04,2025 06:00 AM
Iron ore prices in 2026 will stabilize at around $100/t. This forecast was announced by Brazilian mining company Vale, according…
EU to curb exports of recyclable battery, rare earth waste to cut China reliance
United States   December 03,2025 06:00 AM
The European Commission plans to restrict exports of rare earth waste and battery scrap that can be recycled from early…
Nucor raises hot-rolled coil prices for sixth consecutive week
United States   December 02,2025 06:00 AM
On December 1, the company announced a $5 per short ton increase in its weekly spot price for HRC, bringing it to $920/t.…
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