The Turkish Iron and Steel Producers' Association has responded to recent comments in the industry indicating that Turkey imports more scrap than China, the world's largest steel producing country, but has no influence on pricing.

Mr Veysel Yayan general secretary of DCUD stated that Turkey imports USD 12 billion worth of raw material, USD 9 billion of which is scrap, going on to underline that this figure is no burden on Turkey.

Mr. Yayan said that the reason why Chinese scrap imports are lower is that production is mostly carried out in integrated plants that use iron ore as raw material. Additionally, he said that, to increase domestic scrap supply, the Turkish government should provide incentives for scrap, iron ore and coal investment, and that scrap collection should become widespread.

According to the data provided by the Turkish Statistical Institute October 2011 data, In October 2011, Turkey's steel scrap imports fell by 8.05% MoM from September 2011 and were up by 3% YoY, amounting to 1.78 million tonnes.

Meanwhile, in the first 10 months of t2011, Turkey's scrap imports amounted to 17.43 million tonnes.

(Sourced from SteelOrbis)
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