General

South Africa launched a review of imported hexagonal screw product protection measures

Steel trade deficit in Turkey this year, but it is expected that new steel production capacity that may be started in the next 2-3 years will further limit the import volume. Turkish Steel Manufacturer Association (TCUD) shows that Turkish steel mills have a total of 7.5 million tons in 1-May, an increase of 17.4% year-on-year, mainly from the base effect, and is driven by global steel prices, along with steel The export volume increased by 58.4% year-on-year to $ 5.2 billion. Turkey’s previous five months of steel imports increased significantly from 49.4% to 7 million tons year-on-year, and imported increased by 88.1% to $ 5.5 billion. TCUD said global trade protection measures are affecting global trade activities and steel exports in Turkish steel mills. In order to avoid trade deficit, the Turkish steel industry accelerates the construction of new steel production capacity. In recent months, Turkish steel companies have announced new or expanded capacity projects, especially flat material production projects. In the next 2-3 years, new investment is expected to increase the capacity of Turkish flat material to 6 million to 8 million tons, which is expected to alleviate the shortage of Turkish market and reduce imports. Turkish main steel manufacturer Tosyali Demir Celik continues its new 3.5 million tons / annual heat rolling mill construction project, and the new plant is planned to be produced at the end of 2022. Turkish Joracol Metallurgical Company and Hubas Steel Plant also promoted its capacity expansion projects and technically upgraded. MMK (Russian Steel) decided to restart the hot roll production of MMK Metalurji of its Turkish coil subsidiary, which is expected to produce the first hot rolled coil at the end of July. The total capacity of MMK Metalurji has a total capacity of 2.3 million tons / year, which has been idle since November 2012. Other Turkish long-range manufacturers have also begun to invest in capacity and expand the product range.