Iran’s trade with Turkey totaled $5.01 billion during the first 10 months of 2019 to register a decrease of 39.24% compared with the corresponding period of 2018, data released by Turkish Statistical Institute show.
News ID: 7624 Publish Date : 2019/11/29
Chairman of Iran’s Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Qolamhossein Shafyee and Chairman of the Foreign Economic Relations Board of Turkey (DEİK) Nail Olpak, in a meeting in Tehran, exchanged views on ways to boost cooperation between the private sectors of the two countries and to bolster national currency use in bilateral trade.
News ID: 7491 Publish Date : 2019/11/20
SteelMint learned from market participants that imported scrap prices to Turkey have slightly inched up in several deep-sea cargo bookings completed in the last few days. Amid tight material availability, the market expects the uptrend to continue for the medium term.
News ID: 7412 Publish Date : 2019/11/08
SteelMint learned from market participants that a flurry of new fresh deep sea cargo bookings have concluded recently at increased prices, as the tightness in supply and hike in collection prices with winters approaching, is ensuring the continued rise in global offers since last 4 weeks, with the market expecting further correction in coming weeks.
News ID: 7354 Publish Date : 2019/11/05
SteelMint learned from market participants that after remaining stable for around a week, Turkish imported scrap prices have inched up marginally in a recent deep-sea bulk booking being concluded yesterday. After observing a sharp rebound in prices during the first 3 weeks of October’19 amid numerous bookings witnessed, the prices have mostly remained stable in the last week.
News ID: 7305 Publish Date : 2019/10/31
This week global billet market witnessed limited trades. Billet export offers from all the major markets witness a rise amid increase in Turkey ’s imported scrap prices.
News ID: 7110 Publish Date : 2019/10/26
Turkish imported scrap prices have continued to surge for another week with a couple of deep-sea bookings from Baltic origins being concluded at higher prices in the last few days, SteelMint learned from market participants. The Turkish market has been very active for scrap bookings since the last week even amid continuously rising offers from global suppliers over tight supply during winters.
News ID: 7047 Publish Date : 2019/10/22
Turkish automaker Oyak Renault will manufacture aluminium engine blocks at its plant, for the first time in Turkey , making it the only hybrid engine production facility in Europe. This was announced by the country's industry and technology minister Mustafa Varank on Oct. 23 at the factory's test production site in Bursa. The minister, in his speech said that the engines will be exported to China, Spain, and the U.K.
News ID: 6965 Publish Date : 2019/10/24
US president Donald Trump today reduced by half the steel tariffs on Turkey , to 25pc, after saying that the five-day ceasefire in northern Syria had held "very well."
News ID: 6875 Publish Date : 2019/10/23
Global Ferrous Scrap prices witnessed mixed price trends this week. Turkey , China and South Asian markets observed a sharp rebound in prices of latest deals concluded. However on the other hand Japanese scrap prices in both domestic and export market observed a downturn.
News ID: 6859 Publish Date : 2019/10/12
Global ferrous scrap market again witnessed a downward trend in most major markets. Turkey witnessed a marginal drop in prices in recent deep-sea cargo bookings at lower prices. South Asian markets witnessed healthy trade activities even as offers fell further. Japan's Tokyo Steel observed further cut in scrap purchase prices, while Kansai monthly Tender witnessed slight decline in winning bids. China's Shagang Steel kept their Scrap purchase price unchanged this week.
News ID: 6791 Publish Date : 2019/10/05
The US administration today imposed sanctions on senior Turkish government officials and the energy ministry, and raised tariffs on imported Turkish steel products back to 50pc in response to Ankara's military incursion into northern Syria.
News ID: 6665 Publish Date : 2019/10/14
This week, global billet market reported trade active as China resumed billet imports due to on production cuts in the country. However, Turkey 's imported scrap remained heftier market sentiments. Turkish imported scrap prices have fallen again after a couple of fresh deep-sea cargo bookings were signed at prices lower by a further USD 5-6/MT, SteelMint learned from market participants. After remaining firm for over a week, the recent decline has ensured that prices have now plunged by over USD 70/MT in the last 2 months.
News ID: 6600 Publish Date : 2019/09/28
Global ferrous scrap market witnessed a downward trend for yet another weeks in most major markets. Turkey witnessed further prices drop on a few deep-sea cargo bookings at lower prices. All South Asian markets witnessed fall in offers, with India seeing improvement in Buying activity. Hyundai Steel again cut its bids for procurement of Japanese imported scrap, while Japan's Tokyo Steel and China's Shagang Steel kept their Scrap purchase price unchanged this week.
News ID: 6596 Publish Date : 2019/09/28
SteelMint learned from market participants that Turkish imported scrap prices remain firm after the recent deep-sea cargoes bookings confirmed today. Amid the consistent drop in prices in the last several week, few industry sources consider it a stabilizing sign for the coming weeks.
News ID: 6482 Publish Date : 2019/09/23
Global ferrous scrap market again witnessed a downward trend in all markets. Turkey observed a couple of deep-sea cargo bookings which pulled down the prices further. South Asian markets witnessed slight fall in offers amid slow trades. Japan's Tokyo Steel, as well as China's Shagang Steel, lowered their domestic scrap purchase price this week while Hyundai Steel also cut its bids for procurement of Japanese imported scrap.
News ID: 6477 Publish Date : 2019/09/21
Global ferrous scrap market witnessed steep downtrend in almost all major markets this week. As Turkey ’s recent bookings plunged the global prices in the middle of this week, South Asian markets quickly followed the declining trend in prices, while India observed a slight improvement in terms of demand. Japan's Tokyo Steel lowered its scrap purchase price twice this week while South Korea's Hyundai steel lowered its bids after a 2 months gap. China's Shagang Steel hiked its purchase bids on a marginal rise in steel prices.
News ID: 6418 Publish Date : 2019/09/07
Prices have come down by around USD 15-20/MT in a week's time with couple of deals being reported to Turkey yesterday.
News ID: 6377 Publish Date : 2019/09/04
Global availability of deep-sea ferrous scrap bulk cargoes is poised to rise next week, adding to the growing pressure on the Turkish scrap import price over the past three days.
News ID: 6209 Publish Date : 2019/08/28
SteelMint learned from industry participants that Turkish imported scrap market has opened up after witnessing absence for Eid al-Adha holidays last week. Steelmakers have returned to the market however, no major deal has been reported yet. Weak demand for Turkish finished steel in the global market continues to put pressure on the margins of Turkish steelmakers, consequently inching down imported scrap prices further.
News ID: 6156 Publish Date : 2019/08/25