Turkey’s rebar exports down six percent in January-May

Monday, 18 July 2016 12:24:08 (GMT+3)   |   Istanbul
       

In May this year, Turkey's rebar exports amounted to 575,665 metric tons, up 29 percent compared to April and rising by 25 percent year on year, according to the data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $236.2 million, increasing by 16.6 percent compared to May 2015 and up 43.4 percent month on month.

In the January-May period of this year, Turkey's rebar exports amounted to 2.93 million mt, falling by six percent, while the value of these exports decreased by 29.2 percent to $1.02 billion, both compared to the same period of the previous year.
 
In the given period, Turkey's largest rebar export destination was the USA which received 600,579 metric tons, up 16.6 percent year on year. The USA was followed by the UAE with 532,017 metric tons and Egypt with 426,868 metric tons.
 
Turkey's top 10 rebar export destinations in the first five months:

 

Country

Amount (mt)

     
 

January-May 2016

January-May 2015

Y-o-y change (%)

May 2016

May 2015

Y-o-y change (%)

USA

600,579

515,081

16.60

151,754

103,139

47.14

UAE

532,017

583,316

-8.79

105,472

71,621

47.26

Egypt

426,868

238,557

78.94

26,596

38,897

-31.62

Israel

363,632

209,145

73.87

70,435

38,010

85.31

Yemen

201,792

210,828

-4.29

15,390

-

-

Iraq

143,942

353,058

-59.23

19,837

59,272

-66.53

Ethiopia

85,266

55,217

54.42

5,796

991

484.86

Colombia

68,135

37,014

84.08

12,369

10,253

20.64

Saudi Arabia

58,816

88,112

-33.25

30,078

-

-

Oman

58,774

78,106

-24.75

13,249

-

-

Turkey's main rebar export destinations on country basis in the first five months of the current year are presented below:


Similar articles

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

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