Georgia’s scrap exports to Turkey decline in Jan-Oct

Friday, 25 November 2011 10:43:25 (GMT+3)   |  
       

In the first 10 months of this year, Georgia's ferrous scrap exports to Turkey, the country's main trading partner, amounted to 214,423 metric tons, decreasing by 16.4 percent year on year, according to the data provided by the National Statistics Office of Georgia (Geostat).

The revenue generated by these exports came to $79.1 million, up 9.9 percent from the year-ago figure, indicating that the country's average export price for ferrous scrap to Turkey in the period in question was $369/mt, up from $280/mt in the corresponding period of 2010.

Meanwhile, in the given period Georgia's ferroalloy exports to Turkey increased by 68.35 percent as compared to the January-October period of 2010, reaching 27,807 metric tons.


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