Georgia’s scrap exports to Turkey down 27.5 percent in 2011

Tuesday, 24 January 2012 11:52:12 (GMT+2)   -  

Tags: scrap , alloys , raw mat , Turkey , Georgia , CIS , Middle East , imp/exp statistics , steelmaking , Non-EU Countries , Mediterranean | similar articles » SteelOrbis News

In 2011, Georgia's ferrous scrap exports to Turkey, the country's main trading partner, amounted to 224,596 metric tons, decreasing by 27.45 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 $82.7 million, down seven 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 $368/mt, up from $287/mt in 2010.

Meanwhile, in 2011 Georgia's ferroalloy exports to Turkey increased by 138 percent as compared to 2010, reaching 41,420 metric tons.