Georgia’s scrap exports to Turkey down 69.2% in Jan-Nov

Tuesday, 25 December 2012 09:56:36 (GMT+3)   |   Istanbul
       

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.


Similar articles

Industrial units in India join platform to resist rising steel and commodity prices

24 Jun | Steel News

Assofermet: Scrap prices increase in Europe, mostly stable in Italy

08 Jan | Scrap & Raw Materials

No scrap exports from Georgia to Turkey in Q1

25 Apr | Steel News

German scrap metal and alloy export value down 4.3% in 2012

17 Apr | Steel News

Georgia’s scrap exports to Turkey down sharply in January

25 Feb | Steel News

Georgia’s scrap exports to Turkey down 70.2% in 2012

25 Jan | Steel News

Georgia’s scrap exports to Turkey down further in Jan-Oct

26 Nov | Steel News

Georgia’s scrap exports to Turkey down 69.6% in Jan-Aug

26 Sep | Steel News

Georgia’s scrap exports to Turkey trend down in Jan-July

27 Aug | Steel News

Georgia’s scrap exports to Turkey continue to fall in H1

25 Jul | Steel News