In the first 11 months of this year, Georgia's ferrous scrap exports to Turkey, the country's main trading partner, amounted to 66,911 metric tons, decreasing by 69.2 percent year on year, according to the data provided by the National Statistics Office of Georgia (Geostat). In October and November this year, there were almost no scrap exports from Georgia to Turkey. The country's ferrous scrap exports to Turkey have been declining on a cumulative basis for more than a year, since the January-July period of 2011.
The revenue generated by these exports fell to $24.1 million, down 70 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 $360/mt, down from $369/mt in the corresponding period of 2011.
Meanwhile, in the given period Georgia's ferroalloy exports to Turkey decreased 53 percent as compared to the January-November period of 2011, totaling 15,175 metric tons.