According to the data provided by the Turkish Statistical Institute (TUIK), in 2012 Turkey's steel billet exports increased by 24.25 percent compared to the previous year, rising to 2.9 million metric tons. Meanwhile, last year Turkey's steel billet exports to Saudi Arabia almost doubled on year-on-year basis, amounting to 1.4 million mt, hitting a historical record. In addition, the country's steel billet exports to Iran in 2012 more than tripled year on year, amounting to 678,958 mt.
The revenue generated by Turkey's steel billet exports in 2012 totaled $1.75 billion, increasing 14.4 percent compared to 2011. According to the data released by TUIK, in 2012 the average price of Turkey's steel billet exports stood at $560/mt, falling compared to the average of $638/mt recorded in 2011.
However, in December 2012 Turkey's steel billet and bloom exports amounted to 112,179 metric tons decreasing by 37.2 percent compared to the previous month and down 57.5 percent compared to the same month of 2011. December was the second consecutive month in which a month-on-month decrease was observed.
Turkey's top 10 steel billet export destinations in 2012 are as follows:
Country | Volume (mt) | |
2012 | 2011 | |
S. Arabia | 1,349,975 | 714,743 |
Iran | 678,958 | 260,510 |
Egypt | 254,662 | 414,891 |
Bangladesh | 170,245 | 88,246 |
UAE | 98,806 | 147,489 |
Sudan | 59,649 | 31,209 |
Peru | 56,480 | 53,678 |
Morocco | 50,087 | 124,121 |
Israel | 38,984 | 19,701 |
Kenya | 37,164 | 15,828 |
TOTAL | 2,908,170 | 2,340,565 |