Turkey’s billet exports hit historic high in August

Friday, 05 October 2012 17:15:15 (GMT+3)   |  
       

According to the data provided by the Turkish Statistical Institute (TUIK), in August this year Turkey's steel billet and bloom exports amounted to 505,708 metric tons, hitting the highest historical level. The country more than doubled its steel billet and bloom exports compared to 226,464 mt recorded in July and 243,634 mt recorded in the same month of 2011.
 
The revenue generated by Turkey's steel billet exports in August totaled $298 million, increasing compared to $136.3 million in July this year and $243.6 million in August 2011.

As can be seen in SteelOrbis' Steel Reference Prices, Turkish steel billet export prices had declined for six consecutive weeks until July this year and then entered into an uptrend until mid-August, though with some interrptions.

Turkey's top 10 steel billet export destinations in August 2012:

 

Country

Quantity (mt)

Aug 2012

 Aug 2011

Saudi Arabia

188,591

 109,094

Bangladesh

126,587

 -

Iran

73,914

 9,480

UAE

60,400

 2,902

Djibouti

19,997

 -

Egypt

10,137

 64,004

Israel

8,831

 662

Libya

7,974

 -

Sudan

4,601

 -

Russia

4,350

 -

Meanwhile, in the first eight months of 2012 Turkey's steel billet exports increased by 23.1 percent to 2.04 million metric tons, while the revenue for these exports stood at $1.2 billion, up by 18 percent, both compared to the same period of 2011.

In the first eight 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 50.8 percent and 31.4 percent respectively, all compared to the first eight months of 2011.

The distribution of Turkey's billet exports in the January-August period of this year is as follows:


Similar articles

No halt to downtrend in SE Asia’s import billet market, more traders going short

28 Mar | Longs and Billet

Ex-Asia billet offers become more affordable in Turkey, market slightly optimistic

27 Mar | Longs and Billet

Ex-India billet prices stable, but buyers try to push below $490/mt FOB

27 Mar | Longs and Billet

Ex-ASEAN billet sales continue at low prices, China turns negative again

26 Mar | Longs and Billet

Global View on Billet: Better sentiments, suppliers fail to achieve higher deal prices so far

22 Mar | Longs and Billet

Turkey’s Kardemir issues planned sales volumes for April-June

22 Mar | Steel News

Import billet prices in SE Asia hit new low, trend reversal anticipated

21 Mar | Longs and Billet

Domestic billet sales livelier in Turkey, import price range narrows amid limited allocation

21 Mar | Longs and Billet

Ex-India billet sellers ready to accept lower prices to push sales amid weak local conditions

20 Mar | Longs and Billet

India’s RINL floats export tender for 30,000 mt billet for end-April shipment

20 Mar | Longs and Billet