According to the data provided by the Turkish Statistical Institute (TUIK), in April this year Turkey's steel billet and bloom exports amounted to 206,930 metric tons, decreasing by 9.6 percent year on year and up 179 percent compared to March this year. Meanwhile, in April the revenue generated by Turkey's steel billet exports totaled $129.2 million, increasing 178.5 percent compared to March this year and down 11 percent year on year.
Meanwhile, in the first four months of 2012 Turkey's steel billet exports declined by 18 percent to 656,147 metric tons, while the revenue for these exports stood at $403.2 million, down by 16 percent, both compared to the same period of 2011.
In the first four months of this year, Turkey more than doubled its steel billet exports to Saudi Arabia, while the country's steel billet exports to Iran and to UAE decreased by 42 percent and 78.4 percent respectively, all compared to the first four months of 2011.
Turkey's top 10 steel billet export destinations in April 2012:
Country | Quantity (mt) | |
April 2012 | April 2011 | |
Saudi Arabia | 124,441 | 62,023 |
55,954 | 0 | |
Egypt | 23,993 | 9,550 |
Israel | 1,219 | 2,918 |
Kenya | 993 | 5,683 |
UK | 128 | 10 |
Singapore | 99 | 0 |
Germany | 36 | 606 |
South Korea | 21 | 11 |
Romania | 19 | 8 |