【SMM Steel】Turkey's steel industry calls for stronger protection

Published: May 7, 2026 09:41

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【SMM Steel】Turkey's March finished steel consumption rose 20.9% y/y to 3.2Mt, crude steel output up 6.4% to 3.3Mt. Q1 exports fell 6.8% in volume and 9.4% in value. Middle East tensions are reshaping supply chains. Turkey is gaining market share in Europe but surging scrap/energy prices and freight/insurance costs are squeezing margins. Steel imports surged 38.2% y/y in March. New EU trade restrictions are a critical issue. The association called for proactive steps to shield the domestic industry from dumping amid rapidly spreading steel protectionism.

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