According to the data provided by the Turkish Statistical Institute (TUIK), in July this year Turkey's steel billet and bloom exports amounted to 226,426 metric tons, decreasing by 36.8 percent compared to June this year and down 8.1 percent year on year. Meanwhile, in July the revenue generated by Turkey's steel billet exports totaled $136.3 million, decreasing 37.15 percent compared to June this year and down 17.8 percent year on year.
Meanwhile, in the first seven months of 2012 Turkey's steel billet exports increased by 8.5 percent to 1.5 million metric tons, while the revenue for these exports stood at $937.6 million, up by 6.3 percent, both compared to the same period of 2011.
In the first seven months of this year, Turkey almost tripled its steel billet exports to Saudi Arabia, while the country's steel billet exports to Egypt and to the UAE decreased by 41.6 percent and 78.3 percent respectively, all compared to the first seven months of 2011.
Turkey's top five steel billet export destinations in July 2012:
Country | Quantity (mt) | |
July 2012 | July 2011 | |
Iran | 107,202 | 51,326 |
Saudi Arabia | 82,979 | 20,702 |
20,785 | 77,512 | |
Jordan | 5,099 | 5,950 |
Kenya | 3,995 | - |