Business · Trade · 4 hrs ago
Turkish steel exporters seek new business in the Baltic states
Turkish steel exporters are looking for more business in Latvia and Lithuania, two Baltic states in the European Union.
The effort comes as the EU has reduced import quotas and raised duties on steel brought in above those limits.
The EU has capped steel imports at 18 million tonnes and allocated 3.1 million to 3.2 million tonnes to Turkey.
Eighteen Turkish companies met steel importers and buyers during a trade visit supported by Turkey’s trade ministry.
Turkish industry representatives say the meetings could lead to $30 million to $40 million in business.
They believe exports could grow from about 160,000 tonnes to 320,000 tonnes in Lithuania, and from about 20,000 tonnes to 50,000 tonnes in Latvia.
The opportunity is linked to changes in supply since Russia’s war with Ukraine reduced steel supplies from Russia and Ukraine.
Exporters also say higher scrap costs and tight margins make it difficult to grow profitably.
The Turkish Steel Exporters’ Association sent a trade delegation to Lithuania and Latvia to seek business and assess changing supply routes.
Eighteen Turkish firms met steel importers and buyers in the two Baltic countries.
The meetings could generate an additional $30 million to $40 million in business, according to the article.
Turkish exporters are concerned that tighter European Union import quotas and higher duties could limit their access to the European market.
The article says trade flows have shifted since supplies from Russia and Ukraine declined after the war began.
- Who
- The Turkish Steel Exporters’ Association and 18 Turkish steel firms.
- What
- A trade delegation visited Lithuania and Latvia to explore market opportunities and build business links.
- When
- The article was published on October 11, 2026; the delegation’s visit date is not stated.
- Where
- Lithuania and Latvia.
- Why
- Turkish exporters sought new business amid tighter EU import restrictions and changing regional supply chains.
This story does not have two clearly opposing sides.
We are here to see what kind of space this change could create for Turkish steel producers, discuss the current state of trade with regional stakeholders and understand where the market is heading.
We think exports to Lithuania can comfortably double from their current level.
We see potential to raise exports to Latvia, which have fallen to around 20,000 tons this year, to 50,000 tons.
Reduced supplies of metallurgical products from Russia and Ukraine led Baltic countries to seek new suppliers.
The European Union narrowed its duty-free import quotas and raised duties on imports exceeding quotas.
The association organized a trade delegation to Lithuania and Latvia, where 18 Turkish firms held meetings with regional buyers.
- Delegation size
- 18 Turkish firms
- Potential additional business
- $30 million to $40 million
- Latvia steel imports
- 719,000 tons
- Turkish exports to Lithuania
- About 160,000 tons
- Lithuania export potential
- About 320,000 tons
- EU quota for Turkey
- 3.1 million to 3.2 million tons
Sources
Related news
Türkiye’s fresh vegetable exports reach $822.7 million in nine months
Istanbul earns more than $800 million from congress tourism since 2022
Türkiye’s watch market estimated at $1.5 billion
Turkey raises Iller Bank’s capital to 250 billion lira
TVF subsidiary signs deal to take over Ziraat Katılım and Halk Katılım
Turkey’s TMSF opens applications for 75 jobs in Istanbul
Prosecutors seek restrictions on assets linked to 85 people in fund probe
Turkey extends company loss calculation relief to 2028
Turkey’s central bank cancels Parakolay’s operating licence
Türkiye’s industrial production falls 1.9% in August
Türkiye and China weigh ways to address a large trade imbalance
