Turkey’s rebar exports down 4.5 percent in 2016

Tuesday, 07 February 2017 16:18:40 (GMT+3)   |   Istanbul
       

In December last year, Turkey's rebar exports amounted to 602,362 metric tons, up 21.6 percent compared to November and falling by 10.8 percent year on year, according to the data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $244.6 million, increasing by 8.5 percent compared to December 2015 and up 23 percent month on month.

In 2016, Turkey's rebar exports amounted to 6.75 million mt, falling by 4.5 percent, while the value of these exports decreased by 13.8 percent to $2.55 billion, both year on year.
 
Last year, Turkey's largest rebar export destination was the US which received 1,364,853 metric tons, up 1.41 percent year on year. The US was followed by the UAE with 1,092,666 metric tons and Egypt with 844,287 metric tons.
 
Turkey's top 10 rebar export destinations last year:

 

Country

Amount (mt)

     
 

Jan-Dec 2016

Jan-Dec 2015

Y-o-y change (%)

December 2016

December 2015

Y-o-y change (%)

USA

1,364,853

1,345,826

1.41

152,903

130,822

16.88

UAE

1,092,666

1,267,384

-13.79

63,297

112,087

-43.53

Egypt

844,287

829,646

1.76

80,653

108,547

-25.70

Israel

693,659

460,143

50.75

88,525

36,036

145.66

Yemen

566,614

284,466

99.19

70,084

56,834

23.31

Iraq

361,476

613,051

-41.04

14,540

14,571

-0.21

Ethiopia

188,109

304,296

-38.18

2,075

63,085

-96.71

Colombia

146,742

80,269

82.81

-

-

-

Oman

145,282

176,144

-17.52

22,028

17,493

25.92

Saudi Arabia

115,787

129,114

-10.32

8,420

-

-

Turkey's main rebar export destinations on country basis in 2016 are presented below:


Similar articles

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price      

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

US import rebar market remains quiet

26 Mar | Longs and Billet

Saudi Arabia’s Hadeed keeps local longs prices stable again for April

26 Mar | Longs and Billet

Iskenderun-based Turkish mill issues its longs prices

26 Mar | Longs and Billet

Local Indian rebar prices fall more rapidly amid sharp slowdown in procurement by large projects

26 Mar | Longs and Billet