9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

While EU steel quotas remain low, Turkiye has utilised all of some quotas

According to research by Steel Radar, filling rates for the European Union's steel quotas are generally low, but Türkiye has fully utilized some of its allocated quotas.

While EU steel quotas remain low, Turkiye has utilised all of some quotas

According to the report, which evaluates the filling rates of B steel quotas, Türkiye has fully utilized its quotas for railway materials and hollow sections. Similarly, South Korea has fully utilized the quotas allocated for HRC, China for sheet pile, seamless stainless pipe and 3B silicon steel sheet.

On the other hand, some countries have not used their allocated quotas at all. South Korea and Iran are among the countries that have never used their 3A silicon steel sheet quotas. This discrepancy shows that the steel industry is on a delicate balance at a time when demand in global steel markets is stable, but there are significant differences between countries and product categories.

The pace of filling the EU's quota allocations for the global steel market is still slow. Some countries such as China, Türkiye and South Korea are fully utilizing their allocated quotas. In general, however, demand is still weak.

According to recent assessments, imbalances in the EU steel market persist. This is an important factor for steel producers and consumers. The steel industry is a dynamic field due to the complexity of international trade and close monitoring of market conditions is of paramount importance.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

The potential impact of Trump's return to the presidency on the global steel market

Wednesday, November 6, 2024

EU steel industry sounds crisis alarm! EUROFER issues open letter

Thursday, October 17, 2024

Strike at U.S. East Coast ports affects the economy: Steel industry also at risk

Wednesday, October 2, 2024

US launches AD investigation against corrosion-resistant steel products imported from 10 countries, including Türkiye

Monday, September 9, 2024

Tata Steel Nederland orders pellet test installation from Primetals

Wednesday, August 28, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now