In 2024, Turkey’s steel mills sourced steel scrap from various global sources to meet their raw material needs. The United States, with a share of 22.2%, was the largest supplier of scrap steel to Turkey’s mills.
However, when European countries and the United Kingdom are considered together, they accounted for 72.4% of Turkey’s imported scrap. These figures highlight the key role of Europe and the UK in supplying Turkey’s electric arc furnaces. Among European countries, the Netherlands was the largest supplier of scrap steel to Turkey with a share of 16.6%, followed by the UK with 12.6%.
These data were provided by Navigate Commodities. This data has been provided by Navigate Commodities. The Singapore-based company specializes in analyzing the supply chain of industrial raw materials such as iron, steel, and nickel. Navigate Commodities uses advanced satellite technologies to track ship movements, warehouse inventories, and production activities worldwide.
The CEO of the company announced at the 2024 Recycling Conference that their satellite monitoring provides real-time, accurate information about the global supply chain. This data helps industries make better strategic decisions.
This report also highlights the competition in the global scrap steel market. Despite the trend of consolidation in some countries, the scrap market remains fragmented, with smaller suppliers still playing a role.
Turkey, as one of the largest consumers of steel scrap, continues to rely on sourcing raw materials from diverse global sources.
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