Georgia’s scrap exports to Turkey fall five percent in January-August

Monday, 26 September 2011 12:15:22 (GMT+2)   -  

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

In the first eight months of this year, Georgia's ferrous scrap exports to Turkey, the country's main trading partner, amounted to 203,667 metric tons, decreasing by 5.03 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 $75.1 million, up 28.27 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 $273/mt in the corresponding period of 2010.

Meanwhile, in the given period Georgia's ferroalloy exports to Turkey regressed by 20.39 percent as compared to the January-August period of 2010, reaching 18,113 metric tons.